---
title: "IMF Launches Fund to Support Ukraine's Reforms"
url: https://moldova1.md/p/24447/imf-launches-fund-to-support-ukraine-s-reforms
published: 2024-02-14T15:10:58Z
language: en
section: "International"
source: moldova1.md
---

# IMF Launches Fund to Support Ukraine's Reforms

> The International Monetary Fund (IMF) on Tuesday announced the official launch of a new trust fund to support economic and financial reforms in Ukraine over the next five years, with a target of $65 million from donor countries.

The International Monetary Fund (IMF) on Tuesday announced the official launch of a new trust fund to support economic and financial reforms in Ukraine over the next five years, with a target of $65 million from donor countries.

![](https://storage.moldova1.md/images/65e700ea-000f-4f51-b199-c6dd3bc70b09.jpg)

The Ukraine Capacity Development Fund (UCDF) was launched in Kyiv with initial resources of $16.5 million provided by the Netherlands, Slovakia, Latvia, Japan, and Lithuania, as reported by Reuters and quoted by Agerpres.

**The plan is to allocate $27.5 million to support key areas of the reform agenda** of the authorities in Kyiv, which are aligned with the $15.5 billion Extended Fund Facility (EFF) program agreed with Ukraine.

**Areas to be supported include:**

* Fiscal reforms
* Monetary policy
* Financial sector policies
* Anti-corruption policies
* Data production and dissemination
* Macroeconomic framework training and technical assistance

The resources will help cover IMF capacity development operations in Ukraine from 2024 to 2028, said the IMF, a major international creditor to Ukraine.

**The U.S. Senate on Tuesday passed a $60 billion aid package for Ukraine and funding for Israel and Taiwan**, but the bill is dead on arrival for now as House Republicans refuse to take it up in its current form.

The IMF Board approved a $900 million tranche for Ukraine in December 2023 and urged other countries and donors to meet their aid commitments, which totaled $122 billion last year. The EU recently approved a €50 billion package.

Translation by **Iurie Tataru**