The International Monetary Fund (IMF) is considering providing $1.4 billion in emergency funding for Ukraine to help it respond to Russia’s invasion, IMF Managing Director Kristalina Georgieva announced on Tuesday.
“Today, we have sent to our Executive Board a proposal they will consider for approval tomorrow for $ 1.4 billion in support for Ukraine, to help it cope with the shock caused by this war,” the IMF said in a statement citing Georgieva.
She said that the IMF also disbursed $700 million to Ukraine in December and has provided a Special Drawing Rights allocation of $2.7 billion that was very handy to Ukraine at this moment.
