PM Shmyhal: Ukraine received tranche of $1.1B from IMF

Ukraine has received another tranche of $1.1 billion from the International Monetary Fund, Prime Minister of Ukraine Denys Shmyhal said, Report informs via RBC-Ukraine.

The funds will be used to cover important non-military budget expenditures, according to Shmyhal.

“We received this tranche thanks to the successful fifth revision of the EFF program of $15.6 billion,” the Prime Minister of Ukraine writes.

This is the third IMF tranche since the beginning of the year. Ukraine received $900 million in March and $2.2 billion in July. The total amount since the beginning of the year has reached $4.2 billion. Another tranche of $1.1 billion is expected in December.

Ukraine's agreement with the IMF on a $15.6 billion EFF program was approved in March 2023. The program has already received six tranches totaling about $8.7 billion.