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The IMF will consider 1.3 billion dollars in emergency funds for Ukraine

Sources say Ukraine has received enough financial guarantees from partners to comply with IMF debt sustainability rules.

The executive board of the International Monetary Fund (IMF) will consider Ukraine’s request for $1.3 billion in additional emergency funding on Friday as Russia’s war against the country continues, according to two sources familiar with the matter.

IMF staff have prepared the necessary documents and believe that Ukraine has received sufficient financial guarantees from its global partners to meet the IMF’s debt sustainability requirements and qualify for more emergency funds, the sources told the news agency. Reuters.

If approved, the funds would come from a new emergency loan program to address food shortages approved by the board last week.

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IMF officials have praised the Ukrainian government and its central bank for their handling of the economic shocks caused by the Russian invasion of the country in February.

The IMF provided $1.4 billion in emergency assistance to Ukraine in March, shortly after the war began.

Ukrainian officials are pushing for additional non-emergency funds under a full IMF loan program, but such a program could come later.

An IMF spokesman declined to comment.

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