February 27, New Delhi – The International Monetary Fund (IMF) has approved a $8.1 billion, four-year loan for Ukraine, of which $1.5 billion would be immediately disbursed.
The new loan will help Kyiv maintain economic stability and ensure continued public spending.
Ukraine's Prime Minister, Yulia Svyrydenko, praised the loan as part of a broader financial framework that would cover an estimated budget shortfall of $136.5 billion over four years.
IMF chief Kristalina Georgieva said that the loan would resolve Ukraine's balance of payments problem and restore medium-term external viability.
She also stated that it would boost prospects for reconstruction and growth after the conflict ends.
It would also help facilitate Ukraine's efforts to join the European Union.