IMF approves $880 million loan payment for Ukraine
The executive board of the International Monetary Fund (IMF) approved a third review of Ukraine's $15.6 billion loan program. This decision enables the release of $880 million designated for budget support, bringing the total disbursements to $5.4 billion, the IMF announced on March 21. The international lender emphasized that Ukraine continues to face exceptionally high risks, mainly due to uncertainties related to the ongoing war with Russia and the outlook for external financial support. However, Ukraine mission chief Gavin Gray said that the IMF anticipates the war in Ukraine to de-escalat...