IMF Allocates Half a Billion USD to Ukraine from Special Fund
New York, May 30 (Hibya) – The International Monetary Fund (IMF) announced that it had reached an agreement with Ukraine on the Eighth Review of the 4-year, $15.5 billion Extended Fund Facility (EFF) arrangement.
Subject to IMF Executive Board approval, Ukraine will gain access to approximately $0.5 billion, bringing total disbursements under the program to $10.65 billion.
“The economy continues to show resilience despite the challenges stemming from over three years of war. As Russia’s war in Ukraine persists, real GDP growth is projected to remain modest at 2–3% in 2025.
This reflects labor constraints and damage to energy infrastructure. Inflation continued rising, reaching 15.1% year-on-year in April, mainly due to rising food and labor costs; inflation expectations remained anchored. The National Bank of Ukraine (NBU) responded by cumulatively raising the policy rate by 250 basis points since December.
Gross international reserves stood at $46.7 billion at end-April, reflecting sustained significant external official support. Given uncertainty about war, peace, and recovery, risks remain exceptionally high,” the statement read.
Usa News Agency
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