The announcement comes three days after the European Union officially began accession negotiations with Ukraine. A step described as “historic” both by the President of the European Council Charles Michel and by Ukrainian President Volodymyr Zelensky, whose Prime Minister Denys Chmygal declared that “ A strong Ukraine is not possible without the EU, and a strong EU is not possible without Ukraine either. »
Ukraine’s accession to the EU: negotiations kick off, a “historic” moment according to Brussels and kyiv
A 4-year assistance plan
This new tranche of aid brings to $7.6 billion the amount now released for Ukraine through this Extended Fund Facility (EFF), a four-year aid plan that was approved in March 2023, and is part of a larger international aid plan totaling $122 billion.
The funds will be directed towards budgetary support, details the IMF in a press release.
“Ukraine’s performance remains strong in the MEDC framework despite challenging conditions, noted the Washington-based international institution, stressing that Ukraine’s economy continues to demonstrate resilience, although the outlook remains subject to exceptionally high uncertainty. »
The IMF specifies that “ “A sustained reform momentum and timely disbursement of external assistance are needed to preserve macroeconomic stability, restore fiscal and debt sustainability and strengthen institutional reforms to pave the way for European Union membership.”
(With AFP)
