IMF Staff, Ukraine Reach Agreement On $900 Million In Funding Disbursement

The International Monetary Fund said the Ukrainian economy "continues to show remarkable resilience."

Staff from the International Monetary Fund (IMF) and Ukrainian officials reached agreement on an updated set of economic and financial policies for the second review of the four-year Extended Fund Facility to allow disbursement of $900 million in funding, subject to approval by the IMF board. The IMF on November 10 said performance criteria for end-June and indicative targets for end-September were met. “The Ukrainian economy continues to show remarkable resilience, and recent economic developments point to a stronger-than-expected economic recovery in 2023, with continued, albeit softer growth in 2024. However, the outlook remains extremely uncertain as exceptionally high war-related uncertainty persists,” it said.