IMF approves $8.1B loan for Ukraine to support its post-war recovery

By Diyar Guldogan

WASHINGTON (AA) – The International Monetary Fund (IMF) announced Thursday that its Executive Board approved an $8.1 billion, four-year loan for Ukraine, with an immediate disbursement of around $1.5 billion.

The new Extended Fund Facility (EFF) arrangement forms part of a broader $136.5 billion international support package aimed at sustaining Ukraine’s economy amid its ongoing war with Russia, it said.

“Ukraine and its people have weathered a long and devastating war for over four years with remarkable resilience,” IMF Managing Director Kristalina Georgieva said in the statement.

"The new EFF arrangement aims to preserve the hard-won macroeconomic and financial stability as well as to extend and deepen structural reforms as the war continues," Georgieva added.