IMF Approves $900 Million Disbursement to Ukraine

Ukraine passed the first review of a four-year IMF arrangement and will receive a second disbursement of $900 million.
Ukraine met all structural benchmarks set by the IMF through May 2023 as part of a $15.6 billion loan program.
The IMF upgraded Ukraine’s GDP growth outlook to between 1% to 3% in 2023 despite the ongoing war’s impact.
Inflation is decreasing and Ukraine’s currency remains stable even after attacks on critical infrastructure.
The IMF approval paves the way for an additional $115 billion in aid to Ukraine from allies.