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Reuters
Reuters
Business

IMF reaches staff agreement on Ukraine loan review; will enable $900 million disbursement

International Monetary Fund Ukraine Fund the International Monetary Fund Kyiv
Employees of city services remove destroyed cars from the parking next to 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

The International Monetary Fund said on Tuesday that it has reached a staff-level agreement with Ukraine for the first review of the war-torn country's $15.6 billion IMF loan program, which would allow for a $900 million disbursement to Kyiv upon approval by the IMF Executive Board.

The IMF said in a statement that the board is expected to consider the staff-level agreement in coming weeks.

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