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Ukraine is set to receive $2.2 billion from the IMF’s Extended Fund Facility (EFF), Prime Minister Denys Shmyhal announced on social media on May 31. The funding announcement comes as Ukrainian and International Monetary Fund officials reached an agreement on the fourth review of the EFF Arrangement, according to Shmyhal. The IMF’s Executive Board must first approve the $2.2 billion in funding, and no timeline was provided for when that approval may come. The EFF funds are meant tolend Ukraine stability amid the disruptions of war, support the country’s postwar recovery, and promote economic g…

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