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

(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.

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.