IMF Says Approves New 48-Month Funding Of $15.6Bln For Ukraine

IMF Says Approves New 48-Month Funding of $15.6Bln for Ukraine

The Executive Board of the International Monetary Fund (IMF) said on Friday that it approved a new 48-month funding arrangement for Ukraine worth $15.6 billion

WASHINGTON (Pakistan Point News / Sputnik - 31st March, 2023) The Executive board of the International Monetary Fund (IMF) said on Friday that it approved a new 48-month funding arrangement for Ukraine worth $15.6 billion.

"The Executive Board of the International Monetary Fund (IMF) approved today a 48�month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 11.6 billion (577 percent of quota or about US$15.6 billion)," IMF said in a press release.

The new arrangement is part of a $115 billion total support package for Ukraine and it allows for immediate disburse about $2.7 billion, the release said.