"Ukraine's state budget has received around USD 400 million from the next IMF instalment," Prime Minister Denys Shmyhal announced in a social media post on Monday.
He said the funding follows "the successful seventh review of the Extended Fund Facility (EFF)," bringing total IMF support under this programme to over USD 10 billion so far.
"We are grateful to the Fund for its assistance and close co-operation in supporting the Ukrainian economy during the war," Shmyhal wrote.
The International Monetary Fund (IMF) said on Friday that it had "completed the Seventh Review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine," enabling a disbursement of about US 400 million to Ukraine.
The new funds come as part of Ukraine's 48-month USD 15.6 billion loan programme designed to support its economic stability amid Russia's ongoing invasion, according to the IMF.
Macroeconomic stability 'preserved' despite war
Ukraine's economy "remained resilient" last year, though GDP growth slowed in the second half of the year, the IMF said on its website, adding that "the slowdown is expected to continue in 2025 due to an increasingly tight labor market, the impact of attacks on energy infrastructure, and continued uncertainty about the evolution of the war."
IMF Managing Director Kristalina Georgieva said: "Russia’s war in Ukraine continues to take a devastating social and economic toll on Ukraine. In spite of this, macroeconomic stability is being preserved through skillful policymaking as well as substantial external support."
Russia launched a full-scale invasion of Ukraine on February 24, 2022, starting the largest military conflict in Europe since World War II.
Monday is day 1,131 of Russia's war on Ukraine.
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Source: IAR/PAP, ukrinform.net, imf.org