On December 23, Prime Minister of Ukraine Denys Shmyhal announced that our country had received the sixth tranche from the International Monetary Fund (IMF). The amount of proceeds under the joint program under the Extended Fund Facility (EFF) is $1.1 billion. In total, Ukraine has already received $9.8 billion under this program.
The money is already in Ukrainian accounts. They will be used as a source of funding for critical budget expenditures (social benefits, public sector salaries, etc.).
The Ministry of Finance, the National Bank of Ukraine, and IMF experts started discussing the sixth review of the EFF program in November this year. On December 20, the IMF approved the disbursement of the current tranche. In March next year, Ukraine will have another review of the program. It is designed to last until 2027.
As previously reported, Ukraine’s diplomatic team has undergone significant changes.
