The International Monetary Fund (IMF) has agreed to release its next tranche of a loan to Ukraine amounting to nearly $700 million.
According to Ukrinform, this was reported by Bloomberg, citing sources familiar with the matter.
The sources said that the IMF and the Ukrainian government had reached a staff-level agreement, paving the way for Ukraine to receive the next disbursement of almost $700 million.
The agreement still requires approval by the IMF Executive Board, which is expected to consider the matter next month.
According to the report, the breakthrough came after weeks of negotiations during the IMF’s recent mission to Kyiv.
