On Friday, the executive board of the International Monetary Fund approved a $15.6 billion financing package for Ukraine for a four-year period. This funding is part of a total international support package worth $115 billion, which comes as Russia’s invasion of Ukraine has continued for over a year.
The decision is expected to mobilize large-scale concessional financing from Ukraine’s international donors and partners to help resolve Ukraine’s balance of payments problem, attain medium-term external viability, and restore debt sustainability, the fund said in a statement.
It said the new Extended Fund Facility would allow the immediate disbursement of around $2.7 billion to Ukraine.
