Ukraine says it acquired $1.1 billion from IMF in newest funding

(Reuters) – Ukraine’s prime minister Denys Shmyhal stated on Monday the nation had acquired $1.1 billion from the Worldwide Financial Fund, which might be used for key price range expenditure.

Finance Minister Serhiy Marchenko stated Ukraine had already acquired $5.4 billion from the IMF up to now this 12 months.

Kyiv depends closely on overseas monetary help to cowl social expenditure and to assist the financial system as Ukraine’s navy continues to battle Russian forces, nearly three years since Moscow launched full-scale invasion of its neighbour in February 2022.

Ukraine allocates its personal revenues to safety and defence.