Skip to content

News Feed

6:24 AM
The Biden Administration is planning to deliver a new defense aid package "soon," White House Press Secretary Karine Jean-Pierre stated at a press conference on Oct. 2.
2:33 AM
Pentagon Comptroller Michael McCord warned the U.S. Congress that diminishing funds for Ukraine could cause delays in critical weapons and supply shipments, the Associated Press reported on Oct. 2.
Ukraine Daily
News from
Ukraine in your
12:13 AM
Germany has transferred over 32,000 rounds of 40-mm ammunition, dozens of all-terrain and border protection vehicles, and other military equipment to Ukraine as part of its latest aid package, the German government reported on Oct. 2.
11:35 PM
"The Ukrainians are still in a situation where they are acutely short of artillery ammunition… Denmark will contribute to more joint purchases of ammunition and remains prepared to support Ukraine in the long run," Danish Defense Minister Troels Lund Poulsen said.
10:46 PM
The mayor of Sumy and chief of the city council’s infrastructure department were arrested when receiving the last tranche of a Hr 2.13 million ($58,000) bribe, Ukraine’s Security Service (SBU) reported on Oct. 2.

watch us on facebook

Edit post

IMF to release $890 million tranche for Ukraine

by Martin Fornusek June 29, 2023 11:27 PM 2 min read
This audio is created with AI assistance

The International Monetary Fund (IMF) completed the first review of the extended arrangement under the Extended Fund Facility (EFF) for Ukraine, allowing the release of $890 million, the IMF announced on June 29.

Ukraine has made strong progress towards its commitments under the EFF despite Russian aggression, the press release said.

According to the IMF, the country has met all quantitative performance criteria through end-April and structural benchmarks through end-June.

"Continued strong ownership and reform momentum are necessary to safeguard macroeconomic stability, enhance institutional reforms, and support reconstruction efforts while facilitating Ukraine's path to EU accession," said the official statement.

The IMF approved a $15.6 billion support package for Ukraine under the EFF's arrangement on March 31. The latest tranche in question was agreed on staff level on May 30.

With the EFF backing, Ukraine's 2023-2027 plan aims to secure macroeconomic stabilization and undertake critical structural reforms during the war and subsequently to ensure medium-term external viability, support sustained growth, and facilitate Ukraine's path to EU accession.

Among the concrete goals of the support program, the document listed maintaining a strong tax revenue base, supporting steady disinflation and exchange rate stability, ensuring debt stability and health of the banking system, and governance and anti-corruption reforms to ensure post-war growth.

The IMF complimented Ukraine's sustained economic growth despite the ongoing Russian invasion but warned that uncertainty about future development still persists.

"After a sharp contraction in 2022, economic activity has been more resilient than expected, with growth upgraded to 1–3% in 2023 as domestic demand recovers," the statement said.

The total damages in Ukraine caused by Russia's war have reached almost $143.8 billion, according to the Kyiv School of Economics.

Browder: ‘West must hand Russian Central Bank’s $350 billion to Ukraine for reconstruction’
London-based American investor Bill Browder says people call him the “number one enemy” of Russian President Vladimir Putin and, more recently, an official “Friend of Ukraine.” Browder has spent the last 13 years campaigning to freeze Putin’s assets hidden in the West. Now, he’s fighting for them t…
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.