The Worldwide Money related Asset has delivered an extra $1.1 billion to Ukraine, after its Leader Board endorsed the settlement on the fifth audit of the ongoing guide program.
Out of the program’s total of $15.6 billion, this brings the amount paid to Ukraine to $8.7 billion.
All of the nations that have supported Ukraine since the beginning of the Russian invasion in February 2022 agreed in March 2023 to implement a massive plan of international aid totaling $122 billion. This program is a part of that plan.
“The Ukrainian government’s presentation and responsibility under the program major areas of strength for stay, execution benchmarks have been met and the September benchmarks give off an impression of being on target,” IMF Overseeing Chief Kristalina Georgieva said in a proclamation.
However, she went on to say that “the risk to the outlook remains elevated” and that “the economic recovery is likely to slow due to the impact of attacks on energy infrastructure” are some of the effects of the ongoing war following the Russian invasion in February 2022.
At the end of July, the Ukrainian government announced that it had agreed to partially restructure its $20 billion worth of foreign debt.
