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Today: December 24, 2024
Today: December 24, 2024

IMF board finishes review to enable disbursing $1.1 billion to Ukraine

FILE PHOTO: The IMF logo is seen outside the headquarters building in Washington
October 18, 2024
Reuters - Reuters

WASHINGTON (Reuters) - The International Monetary Fund's board on Friday completed a review of a fund arrangement for Ukraine that would enable disbursement of $1.1 billion to the country that Russia invaded in February 2022, the IMF said in a statement.

"The IMF Board today completed the Fifth Review of the extended arrangement under the Extended Fund Facility for Ukraine, enabling a disbursement of about $1.1 billion to Ukraine, which will be channeled for budget support," the IMF said.

(Reporting by Kanishka Singh in Washington; Editing by Leslie Adler)

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