Ukraine gets $1.3 b in emergency financing under IMF program, says Ukrainian PM
Prime Minister Denys Shmyhal (Photo:Denys Shmyhal / Facebook)
Ukraine has received $1.3 billion in additional emergency financing under the Rapid Financing Instrument (RFI) facility provided by the International Monetary Fund (IMF), Ukrainian Prime Minister Denys Shmyhal said in a Telegram messenger post on Oct. 13.
“Ukraine has received $1.3 billion in additional emergency financing from the International Monetary Fund,” the official said.
“The funds will be used to finance priority needs: strengthening defense capabilities, paying pensions, social programs, and supporting the economy.”
In total, the IMF has provided Ukraine with $2.7 billion since the beginning of Russia’s full-scale invasion of the country.
Shmyhal added that the Ukrainian government and the IMF would soon start working on a new special program to be launched next year.
As reported earlier, the new IMF’s financing package provided to Ukraine under the RFI facility should meet the needs of Ukraine’s balance of payments and support the country’s creditworthiness.
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