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The International Monetary Fund (IMF) announced Thursday that its Executive Board approved an $8.1 billion loan for Ukraine under a four-year Extended Fund Facility arrangement, with an immediate disbursement of around $1.5 billion.
The IMF said the new program is designed to support Ukraine’s economy as the war with Russia continues.
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According to the IMF, the Extended Fund Facility forms part of a broader $136.5 billion international support package aimed at sustaining Ukraine’s economy amid the ongoing conflict.
The funding is intended to help preserve macroeconomic and financial stability while supporting the country during wartime conditions.
“Ukraine and its people have weathered a long and devastating war for over four years with remarkable resilience,” IMF Managing Director Kristalina Georgieva said in a statement.
“The new EFF arrangement aims to preserve the hard-won macroeconomic and financial stability as well as to extend and deepen structural reforms as the war continues,” Georgieva added.
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