IMF allocates $1.3 billion for financial support to Ukraine

The funds will be provided “under the food shock window of the Rapid Financing Instrument (RFI) to help meet Ukraine’s urgent balance of payments needs.”

The organization projects the Ukrainian GDP to shrink by 35% in 2022, TASS news agency reported.

In March, the IMF approved providing $1.4 billion in assistance to the Kiev government.

MA/PR