Hello and welcome to the details of Ukraine secures US$8.1b IMF loan, US$1.5b released immediately for war-hit economy and now with the details
Nevin Al Sukari - Sana'a - Municipal workers remove debris next to damaged cars outside an apartment building hit by a Russian drone strike on Thursday, amid Russia’s attack on Ukraine, in Kharkiv, Ukraine February 26, 2026. — Reuters pic
WASHINGTON, Feb 27 — The IMF’s executive board has approved an US$8.1 billion (RM31.5 billion) lending agreement for Ukraine, unlocking immediate access to around US$1.5 billion, the fund said Thursday, days after the country marked four years since Russia’s invasion.
The 48-month arrangement replaces an earlier facility, and is expected to support Kyiv as authorities push to maintain economic stability as the war with Russia enters a fifth year.
International Monetary Fund staff and Ukrainian authorities had reached a staff-level deal on this funding in November.
But the programme was contingent upon securing financing assurances and enacting a budget, among other elements.
“The overarching goals of the authorities’ new program are to continue anchoring economic and financial stability, restore debt sustainability” and advance reforms that will help with post-war recovery and support Ukraine’s aim for accession to the European Union, said the IMF.
“Ukraine and its people have weathered a long and devastating war for over four years with remarkable resilience,” added IMF Managing Director Kristalina Georgieva in a statement.
The new arrangement “aims to preserve the hard-won macroeconomic and financial stability as well as to extend and deepen structural reforms as the war continues,” she added.
IMF spokeswoman Julie Kozack said earlier this month that Ukraine had met all conditions required for board approval for the deal.
Hundreds of thousands of people have died since Russia invaded its neighbor on February 24, 2022, unleashing the deadliest war on European soil since World War II.
The IMF has made more than US$10 billion — not including Thursday’s new US$8.1 billion programme — available to Ukraine since the start of the war.
Ukrainian President Volodymyr Zelensky said Thursday that he expected the next round of talks to end the war with Russia in early March in Abu Dhabi. — AFP
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