IMF set to weigh $8.1 billion Ukraine agreement

The International Monetary Fund board will soon review a new $8.1 billion lending program for Ukraine. Ukrainian authorities have met the necessary conditions for this program. The IMF anticipates Ukraine's economic growth to be under 2% in 2025. ...

Reuters

IMF set to weigh $8.1 billion Ukraine agreement

The International Monetary Fund on Thursday said its board would review a staff-level agreement for a new $8.1 billion lending program for Ukraine in coming days.

IMF ‌spokeswoman ⁠Jule Kozack ⁠told reporters that Ukrainian authorities had completed ​the prior actions needed to move forward with the ​request of a new IMF program, including submission of a draft law ​on the labor code ⁠and adoption ‌of a budget.

She said Ukraine's ​economic ​growth in 2025 was likely ⁠under 2%. After four years of war, ​the country's economy had settled into ​a slower growth path with larger fiscal and current account balances, she said, noting that the IMF continues to monitor the situation closely.


"Russia's invasion ‌continues to take a heavy toll on Ukraine's people and ​its economy," ​Kozack said. ⁠Intensified aerial attacks by Russia had damaged critical energy and logistics infrastructure, causing disruptions to ​economic activity, she said.

As of January, she said, 5 million Ukrainian refugees remained in Europe and 3.7 million Ukrainians were displaced inside the country
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