Fund says loan will resolve Ukrainian balance of payments problem while boosting reconstruction and growth prospects. What we know on day 1,465
The International Monetary Fund said its executive board had approved an $8.1bn, four-year loan for Ukraine, of which $1.5bn would be disbursed immediately. The IMF said on Thursday the new extended fund facility arrangement for Ukraine would help anchor a $136.5bn international support package for the war-torn country, which this week marked the fourth anniversary of Russia’s invasion. The IMF managing director, Kristalina Georgieva, said the loan would resolve Ukraine’s balance of payments problem and restore medium-term external viability while boosting prospects for reconstruction and growth after the war ended and helping to facilitate Ukraine’s steps to join the EU.
Ukrainian and US officials met in Geneva on Thursday for talks on postwar reconstruction despite a deadlock in negotiations with Russia, and officials in Kyiv hoped to finalise key details of a settlement at a trilateral meeting early next month. Top Ukrainian negotiator Rustem Umerov said the participants at the meeting spoke to the Ukrainian president, Volodymyr Zelenskyy, after its conclusion.
