WASHINGTON – Ukraine secured a major financial lifeline Thursday when the International Monetary Fund’s executive board gave the green light to an $8.1 billion assistance package spanning four years.
Officials announced that $1.5 billion from this funding will be made available to Ukraine right away through what the IMF calls an Extended Fund Facility arrangement.
This substantial loan represents one component of a much larger $136.5 billion worldwide aid commitment designed to support Ukraine as it continues battling the ongoing conflict. The announcement comes during the same week that Ukraine observed the fourth anniversary of Russia’s military invasion of the country.
