The International Monetary Fund (IMF) on Friday concluded its sixth review of the Extended Fund Facility (EFF) arrangement for Ukraine, approving the allocation of $1.1 billion to the war-torn country. The funds will be used for budget support.
Speaking about the state of the Ukrainian economy, the IMF described it as "resilient" despite the effects of a long-running conflict with Russia. At the same time, the fund stressed that the preservation of the country's economic stability will depend on reforms, "revenue mobilization," and external financial support.
Ukraine has received a total of $9.8 billion from the IMF since the EFF arrangement was approved by the board of directors in 2023.
