The IMF said that the Ukrainian economy had been more resilient than expected in the first quarter of this year, but warned that the future was less positive than it had previously predicted. — Reuters picWASHINGTON, June 29 ― The IMF executive board voted yesterday to approve a US$2.2 billion payout for Ukraine under an existing loan programme, and lowered its growth outlook following “devastating” Russian attacks against the country's energy infrastructure.
“Despite the war, macroeconomic and financial stability has been preserved through skillful policymaking by the Ukrainian authorities as well as substantial external support,” IMF managing director Kristalina Georgieva said in the statement.“The economy remains resilient, reflecting the continued adaptability of households and firms,” she added.
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