LVIV, RAW – The International Monetary Fund (IMF) has approved $US1.4 billion ($A1.9 billion) in emergency support for Ukraine to finance expenditures and shore up the balance of payments, Central Bank Governor Kyrylo Shevchenko says.
Ukraine has turned to financing from allies and international institutions to support its economy after the Russian invasion began on February 24.
“We are immensely grateful to the IMF for its prompt response to our request. We look forward to completing all required procedures as soon as possible,” Shevchenko said on Wednesday.
“It is vital for Ukraine now that it has been going through such a horrible time.”
