IMF approves $15.6 billion for Ukraine
Fund calls wartime loan “unprecedented” and risky
The International Monetary Fund’s executive board approved a four-year, $15.6 billion loan to Ukraine on March 31. The fund will immediately provide about $2.7 billion to the war-torn country.
The IMF says this is part of a wider $115 billion in support for Ukraine. In its letter of intent to the IMF, Ukraine said it had received $37.5 billion in “firm commitments for [the] calendar year 2023”.
Ukraine’s finance minister, Sergii Marchenko, said “unprecedented work was done to achieve the
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