The International Monetary Fund (IMF) announced that, after the first review of Ukraine’s financial aid program, the Executive Board authorized an immediate transfer of 890 million dollars to Kyiv. This action came with the IMF stating that the SDR 663.9 million (about 890 million dollars) was secured following the initial review.
The IMF confirmed that Ukraine’s 2023 GDP growth forecast has been adjusted to a range of 1% to 3%. This update reflects the program’s ongoing assessment of the country’s economic trajectory and the policy steps accompanying the financial assistance.
Earlier remarks from Gavin Gray, who leads the IMF mission to Ukraine, indicated that the board might approve a further tranche of around 900 million dollars in the near term, as part of the program’s continued disbursement schedule. Attribution: IMF Mission to Ukraine
On March 31, the IMF Board of Directors approved a four-year loan totaling 15.6 billion dollars for Ukraine. The Fund stated that this financing would help address Ukraine’s urgent funding needs and support the country’s macroeconomic stabilization and structural reform efforts. Attribution: IMF Board of Directors
Previous discussions have outlined the conditions Ukraine needed to fulfill to advance reforms and align with the broader European framework. Analysts note that the program’s completion milestones reflect ongoing negotiations and policy benchmarks tied to fiscal sustainability, governance improvements, and structural reforms. Attribution: IMF Board communications