The International Monetary Fund (IMF) announced on Friday that it has approved a further $2.2 billion payout to Ukraine as part of a $15.6 billion loan package.
This announcement came three days after the European Union officially began membership discussions with Ukraine.
The latest tranche raises the total provision for Ukraine via the Extended Credit Facility (ECF) to $7.6 billion.
The ECF is part of a larger international aid plan totalling $122 billion that was approved in March 2023.
The IMF said in a statement that the funds would go towards budgetary support.
Ukraine’s performance under the ECF has been robust despite challenging conditions, the Washington-based international institution said. It noted the Ukrainian economy continued to demonstrate resilience, although prospects remain highly uncertain.
The IMF stressed that sustained momentum on reform and timely disbursement of foreign aid were necessary to bolster macroeconomic stability, restore the viability of public finances and debt, strengthen institutional reforms and thus pave the way for Ukraine’s EU membership.
