The first evaluation of Ukraine’s $15.6 billion loan program by the Executive Board of the International Monetary Fund is now complete, enabling Kyiv to promptly withdraw $890 million for budget support.
The board’s approval brings Ukraine’s withdrawals under the programme launched on March 31 to about $3.6bn so far.
The IMF said Ukrainian authorities have made “strong progress” towards meeting reform commitments under “challenging conditions,” meeting quantitative performance criteria through April and structural benchmarks through the end of June.