Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

First IMF review of Ukraine loan facility paves way for $900 million payout

Mayor of Kyiv Vitali Klitschko visits an apartment building, heavily damaged during a massive Russian drone strike, amid Russia's attack on Ukraine, in Kyiv, Ukraine May 30, 2023. REUTERS/Alina Smutko

An International Monetary Fund mission has completed its first review of a $15.6 billion loan programme for Ukraine and the country has met the required conditions, paving the way for a payout of around $900 million, the IMF said on Tuesday.

IMF staff have also raised their forecast for Ukraine's economic growth this year to a range entirely in positive territory from a previous prediction that was between -3% and +1%, the IMF said in a statement on the review of the four-year Extended Fund Facility (EFF) Arrangement approved in March.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.