Ukraine and IMF reach agreement on extending EFF lending program, Shmyhal says

Ukraine and IMF reach agreement on extending EFF lending program, Shmyhal says

Ukraine and the IMF have reached an agreement to extend the EFF lending program in the amount of $15.6 billion. If this decision is approved by the Fund’s Executive Board, Ukraine will be able to receive $1.1 billion.

Prime Minister Denys Shmyhal announced this.

"Financial support from partners helps our government cover all non-military budget expenses. This makes it possible to direct our internal resources to strengthening the country’s defense capability," Shmyhal noted.