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☆ IMF Expects Continuing US Support for Ukraine Despite Congress Dropping Aid
  + stars: | 2023-10-04 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +4 min
That's despite Congress recently passing a short-term funding package that averted a U.S. government shutdown but dropped $6 billion in aid to Ukraine. Political Cartoons View All 1199 ImagesOfficials from the Washington-based IMF also said Ukraine’s economy was showing surprising resilience despite widespread damage from Russia’s war. Ukraine is “making good progress” on passing legislation on a specialized anti-corruption prosecutor, said IMF Ukraine mission chief Gavin Gray. IMF loan agreements with Ukraine before the war had stalled due to lack of progress in curbing corruption and the influence of politically influential business moguls. ___This story has been corrected to show that the IMF loan package is over four years, not three.
Persons: It's, “, Biden, Uma Ramakrishnan, Gavin Gray, Volodymyr Zelenskyy, Nathan Epstein, ___ McHugh Organizations: —, International Monetary Fund, Institute, IMF, Ukraine, Bills Locations: KYIV, Ukraine, United States, U.S, Kiel, Germany, Kyiv, Washington, Ukrainian, Frankfurt
☆ IMF board completes Ukraine loan review, allowing $890 mln withdrawal
  + stars: | 2023-06-29 | by ( David Lawder Andrea Shalal | David Lawder | Andrea Shalal | ) www.reuters.com   time to read: +3 min
WASHINGTON, June 29 (Reuters) - The International Monetary Fund's executive board on Thursday completed its first review of Ukraine's $15.6 billion loan program, allowing Kyiv to immediately withdraw $890 million for budget support as it mounts a major offensive against Russia's invasion. The IMF said Ukrainian authorities have made "strong progress" toward meeting reform commitments under "challenging conditions," meeting quantitative performance criteria through April and structural benchmarks through June. IMF Ukraine mission chief Gavin Gray told reporters the IMF is continuing to study the social, environmental and economic impacts of the destruction of the Kakhovka Dam earlier this month, which caused widespread flooding in southern Ukraine. The IMF expects to carry out its next review of Ukraine's program in late November or early December, the official added. Gray said Ukrainian authorities also needed to continue work on strengthening governance and fighting corruption, with new legislation passed by the end of September.
Persons: Kristalina Georgieva, Georgieva, Gavin Gray, Gray, David Lawder, Andrea Shalal, Leslie Adler, Deepa Babington, Richard Chang Organizations: Monetary Fund's, IMF, Thomson Locations: Kyiv, Ukraine, IMF Ukraine
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