IMF board to consider $1.4 bln in funding for Ukraine on Wednesday– managing director

Baku, March 9, AZERTAC

The International Monetary Fund's executive board is poised to approve on Wednesday $1.4 billion in emergency funding for Ukraine to help it respond to Russia's invasion, IMF Managing Director Kristalina Georgieva said on Tuesday.

Georgieva told a forum hosted by the Financial Times that the funding came on top of $700 million disbursed to Ukraine by the IMF in December, and $2.7 billion in emergency reserves it received as part of an IMF allocation in August.

She said IMF staff were engaged in daily discussions with the Ukrainian authorities to help them manage the economic crisis and mobilize financial support and resources.