The Executive Board of the International Monetary Fund (IMF) has approved a four-year program under which Ukraine will receive a $15.6 billion loan. President Volodymyr Zelensky announced this on his Twitter, thanking the fund and its director Kristalina Georgieva.
According to Reuters, in the near future Kiev will receive the first tranche of $ 2.7 billion. The agency notes that the IMF for the first time approves a loan for a country participating in a full-scale war. The fund's previous $5 billion program for Ukraine expired last year.
The size of the total international assistance provided to Kyiv reaches $115 billion, including $80 billion in loans from various countries. Earlier in March, a group of creditors that includes Canada, France, Germany, Japan, the UK and the US extended a moratorium on Ukraine's debt payments until 2027.