The International Monetary Fund will provide $880 million to Ukraine in the third phase of a $15.6 billion aid package approved last year as Kiev fights a Russian invasion.
The allocation, announced almost exactly two years after the Russian invasion, has yet to be approved by the Executive Board of the International Monetary Fund.
"The results of the program have been excellent despite the challenges of the war," said Gavin Gray, head of an IMF team that met with Ukrainian officials recently in Warsaw.
The team evaluated the goals set a year ago, when the four-year aid package was approved.
“The authorities met all but one of the quantitative performance criteria – a small loss of tax revenue due to border lockdowns – and all four of the structural parameters scheduled for review,” Gray said.
The IMF panel said Ukraine will need $486 billion to rebuild from the war.
Reproduction reserved © Copyright ANSA