Skip to content

News Feed

Ukraine Daily
News from
Ukraine in your
11:51 PM
The Sumy Oblast Military Administration reported on Sept. 23 that Russian forces shelled populated areas along the border of Sumy Oblast 21 times throughout the day, killing one person.
7:55 PM
Prime Minister Denys Shmyhal and the first U.S. Special Representative for Economic Recovery in Ukraine Penny Pritzker had their first online meeting on Sept. 23 to discuss energy, demining, housing restoration, critical infrastructure, and the economy.
1:31 PM
Ukraine's forces on the southern Zaporizhzhia front have breached Russian lines in Verbove, General Oleksandr Tarnavskyi, the commander of Ukraine's military fighting in Donetsk and Zaporizhzhia oblasts, said in an interview with CNN on Sept. 23.

watch us on facebook

Edit post

IMF reaches agreement to lend $900 million to Ukraine

by Kate Tsurkan May 30, 2023 8:06 PM 1 min read
This audio is created with AI assistance

The International Monetary Fund (IMF) reported on May 30 that it had reached a staff-level agreement with Ukrainian officials that could lead to the disbursement of a $900 million tranche under the Extended Fund Facility (EFF) Arrangement.

According to the IMF, the agreement pertained to an "updated set of economic and financial policies" during the first-year review.

The IMF's EFF arrangement, typically lasting three to four years, is meant to provide extended financial support to countries in need and stabilize their economies.

The IMF's executive board still needs to approve the agreement in order for the $900 million tranche to be disbursed. Ukraine's EFF arrangement amounts to around $15.6 billion.

Gavin Gray, who led the IMF's team, said that "all quantitative performance criteria for end-April and structural benchmarks through end-May were met."

Ukraine's economy has "shown remarkable resilience" and "economic activity in the first quarter rebounded strongly," he said.

According to Gray, Ukraine's economy was expected to recover as it continued to adapt to wartime circumstances.

Ukraine war latest: Russia launches 2 large-scale attacks on Kyiv in less than 24 hours
Key Developments on May 29: * Ukraine’s air defense shoots down 11 ballistic, cruise missiles aimed at Kyiv Oblast during second attack in 24 hours * Russian forces attack several oblasts, killing 4 people and injuring 25 * Ukraine’s parliament votes in favor of additional sanctions against Iran…
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

Editors' Picks

Enter your email to subscribe

Please, enter correct email address


* indicates required
* indicates required


* indicates required
* indicates required


* indicates required


* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.