Ukraine, IMF Reach Deal for Next $1.1 Billion Tranche of Loan
- Funds will be disbursed once board approves latest assessment
- IMF staff visited nation recently as part of program review
An office center hit by a missile attack in Kyiv on Sept. 2.
Photographer: Sergei Chuzavkov/AFP/Getty Images
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Ukraine passed a loan-program staff review by the International Monetary Fund that will unlock a $1.1 billion payment for the war-battered country.
The Washington-based lender’s economists finalized the fifth scheduled review of its $15.6 billion assistance program for Ukraine, the fund said in a statement on Tuesday night. The money will be disbursed after the executive board approves the deal, a step that’s mostly a formality. The IMF said that the board will consider it in the coming weeks.