IMF to consider $1.3 bln in emergency funding for Ukraine - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The IMF executive board will consider Ukraine’s request for $1.3 billion in additional emergency funding on Thursday as Russia’s war against the country continues, two sources familiar with the matter said.

IMF staff are slated to meet with Ukrainian authorities in Vienna the week of October 17 for discussions about Ukraine's budget plans and monetary policiesIMF staff are slated to meet with Ukrainian authorities in Vienna the week of October 17 for discussions about Ukraine's budget plans and monetary policies

IMF staff have prepared the necessary documents and believe Ukraine has received sufficient financial assurances from its global partners to meet the IMF’s debt sustainability requirements and qualify for further emergency funds, the sources told Reuters. IMF staff are slated to meet with Ukrainian authorities in Vienna the week of October 17 for discussions about Ukraine’s budget plans and monetary policies, one of the sources said.

IMF officials have praised the Ukrainian government and its central bank for their management of the economic shocks caused by Russia’s invasion of the country in February.

 

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