Ukraine has received more than €2 billion ($2.2 billion) in funding from the International Monetary Fund (IMF), Prime Minister Denys Shmyhal said on Wednesday on the messaging platform Telegram.
The tranche is part of an ongoing loan programme amounting to some €15 billion, Shmyhal said. It will be used to fund vital government expenditure such as welfare spending and salaries for state employees, including doctors and teachers, he said.
Since Russia's full-scale invasion of Ukraine in February 2022, Kiev has received more than €80 billion in aid from foreign partners for its government expenditure, Ukrainian figures show.
British magazine The Economist on Sunday reported that the country faces a possible default in August, when a number of private lenders are expected to demand a resumption of debt repayments that were suspended at the beginning of the conflict.
The Ukrainian government says it is in no position to begin repaying loans and is aiming to freeze future payments or restructure its debt. Kiev's international allies have already frozen repayments of government loans until at least 2027.
According to The Economist's calculations, Ukraine's debt burden is expected to rise to an estimated 94% of gross domestic product (GDP) by the end of the year. In the eurozone, any figure beyond 60% is considered unstable.
