👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Ukraine says it received $1.1 billion from IMF in latest funding

Published 12/23/2024, 04:59 AM
Updated 12/23/2024, 05:01 AM
© Reuters. FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., U.S., November 24, 2024. REUTERS/Benoit Tessier/File Photo

(Reuters) - Ukraine's prime minister Denys Shmyhal said on Monday the country had received $1.1 billion from the International Monetary Fund, which would be used for key budget expenditure.

Finance Minister Serhiy Marchenko said Ukraine had already received $5.4 billion from the IMF so far this year.

© Reuters. FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., U.S., November 24, 2024. REUTERS/Benoit Tessier/File Photo

Kyiv relies heavily on foreign financial aid to cover social expenditure and to support the economy as Ukraine's military continues to battle Russian forces, almost three years since Moscow launched full-scale invasion of its neighbour in February 2022.

Ukraine allocates its own revenues to security and defence.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.