IMF approves budget support loan of $880 million to Ukraine. This enables the country to pay out a total of $5.4 billion.
Ukraine will receive the money in the coming days. IMF approved a loan program worth $15.6 billion for Ukraine in April 2023. It was the first time that an IMF loan was given to a country at war. The IMF still expects the war in Ukraine to end by the end of 2024, Gavin Gray said. The loan program has a term of four years.