Russia-Ukraine War

IMF Approves $1.3 Billion in Emergency ‘Food Shock’ Funding for Ukraine

IMF Approves $1.3 Billion in Emergency ‘Food Shock’ Funding for Ukraine
People walk by a destroyed building following shelling in the center of Kharkiv, Ukraine, on Sept. 18, 2022. Sergei Chuzavkov/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

The International Monetary Fund (IMF) has approved Ukraine’s request for $1.3 billion in emergency funding to help the war-torn country meet its urgent balance of payment needs and preserve financial stability.

The IMF’s executive board approved the funds on Oct. 7 under a new “food shock window” of its Rapid Financing Instrument (RFI).
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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