AGS NEWS – International Monetary Fund (IMF) has approved a $1.1 billion disbursement to Ukraine as part of a four-year, $15.5 billion loan program designed to support the country’s budget during the ongoing conflict with Russia.

IMF Managing Director Kristalina Georgieva acknowledged the war’s significant economic and social toll, commending Ukraine’s government for maintaining macroeconomic stability through sound policies and external assistance.

“Despite the war, macroeconomic stability is being preserved through skilful policymaking by the Ukrainian authorities as well as substantial external support,” Georgieva said.

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Since the program began in March 2023, Ukraine has received $9.8 billion in total disbursements. Prime Minister Denys Shmygal thanked the IMF for its continued support, emphasizing its importance during these challenging times.

Despite attacks on energy infrastructure and a strained labor market, Ukraine’s economy has shown resilience.

However, Georgieva warned of significant risks and underscored the need for preparedness to address potential economic shocks.

This development comes as allies express concerns about Ukraine’s territorial integrity and the incoming U.S. administration’s stance on financial support for the war.