Finance
Ukraine says it received $1.1 billion from IMF in latest funding
Published by Global Banking & Finance Review®
Posted on December 23, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 23, 2024
1 min readLast updated: January 27, 2026
Ukraine received $1.1 billion from the IMF for budget expenditures, crucial for its economy amid ongoing conflict. Total IMF aid this year is $5.4 billion.
(Reuters) - Ukraine's prime minister Denys Shmyhal said on Monday the country had received $1.1 billion from the International Monetary Fund, which would be used for key budget expenditure.
Finance Minister Serhiy Marchenko said Ukraine had already received $5.4 billion from the IMF so far this year.
Kyiv relies heavily on foreign financial aid to cover social expenditure and to support the economy as Ukraine's military continues to battle Russian forces, almost three years since Moscow launched full-scale invasion of its neighbour in February 2022.
Ukraine allocates its own revenues to security and defence.
(Reporting by Yuliia Dysa; Editing by Alexander Smith)
The article discusses Ukraine receiving $1.1 billion from the IMF for budget expenditures, highlighting its reliance on foreign aid.
Ukraine has received a total of $5.4 billion from the IMF so far this year.
The IMF funding is intended for key budget expenditures to support Ukraine's economy amid its ongoing conflict with Russia.
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