Ukraine has received the first tranche of $1.5 billion under the new IMF program

Ukraine has received the first tranche from the International Monetary Fund (IMF) in the amount of $1.5 billion under the new four-year Extended Financing Program (EFF). This was announced on March 3 by Ukrainian Prime Minister Yulia Sviridenko.

"Ukraine today received the first tranche from the IMF under a new four—year program under the Extended Financing Mechanism (EFF), $1.5 billion has already been credited and will be used to finance priority budget expenditures and support macro-financial stability," she wrote on her Telegram channel.

On February 26, the IMF approved an $8.1 billion loan to Ukraine as part of a new four-year financial support program. The first part of the provided financing in the amount of $ 1.5 billion was planned to be sent to Kiev "immediately." It was assumed that all funds would have to be spent on maintaining macroeconomic stability and rebuilding the country.

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Hungarian Foreign Minister Peter Szijjarto announced on February 23 that the country had blocked the 20th package of sanctions against Russia and the allocation of a loan to Ukraine worth €90 billion due to Kiev's shutdown of the Druzhba oil pipeline. However, the European Union still plans to approve a loan of €90 billion to Ukraine, despite Hungary's blocking of this initiative.

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