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Ukraine receives first $1.5B IMF tranche: funds to cover priority budget spending
Ukraine has received the first $1.5 billion tranche of financial assistance from the International Monetary Fund (IMF). The funds will be used to finance priority state budget expenditures.
According to a Telegram statement by Prime Minister Yuliia Svyrydenko, the payment comes under a new four-year program within the Extended Fund Facility.
“Ukraine today received the first tranche from the IMF under the new four-year program. The $1.5 billion has been credited and will be directed toward financing priority budget spending and supporting macroeconomic stability,” Svyrydenko said.
She noted that the total volume of the program amounts to $8.1 billion. Since the start of Russia’s full-scale invasion, Ukraine has attracted $14.9 billion in IMF financial support to the state budget.
According to the prime minister, Ukraine continues implementing agreed reforms aimed at:
maintaining macroeconomic stability
strengthening state institutions
advancing the country’s path toward European integration
New IMF program for Ukraine
Earlier, the IMF Executive Board approved a new $8.1 billion financing program for Ukraine.
The government also said the IMF dropped several previous conditions tied to launching the program. These reportedly included:
VAT changes for sole proprietors
customs duties on parcels
taxes on digital platforms
the military levy
At the same time, the IMF still expects Ukraine to adopt a number of tax changes, with a deadline set for the end of March.
