The Strategist

FT: IMF to lend $15.6 billion to Ukraine

03/17/2023 - 10:53

An extended lending scheme for Ukraine has been approved by the International Monetary Fund. It will cost $15.6 billion. The fund plans to make an announcement about the initiative soon.

The Financial Times (FT), citing sources, claimed that talks between IMF officials and the Ukrainian government took place in Warsaw from March 8 to 15.

The parties made "significant progress," according to a fund representative, in settling on "a set of approaches that could serve as the framework for the programme from the fund."

A $38 billion shortfall is included in the proposed budget for 2023, according to the Ukrainian Finance Ministry. Early in February, the Financial Times reported that Western governments exerted pressure on the IMF to guarantee the earliest start of a 3–4 year, $14–16 billion lending program for Ukraine.