Categories: International

IMF board approves $1.4 billion emergency support for Ukraine

The International Monetary Fund (IMF) has approved $1.4 billion in emergency support for Ukraine to finance expenditures and shore up the balance of payments. Ukraine has turned to financing from allies and international institutions to support its economy after the Russian invasion began on February 24.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The disbursement under the IMF’s Rapid Financing Instrument (RFI), equivalent to 50% of Ukraine’s quota in the IMF, will help fund urgent spending needs in the short term, while helping to catalyze financing from other partners.

Important takeaways for all competitive exams:

  • Ukraine Capital: Kyiv;
  • Ukraine Currency: Ukrainian hryvnia;
  • Ukraine President: Volodymyr Zelenskyy;
  • Ukraine Prime minister: Denys Shmyhal.

Find More International News

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Which Country Presented the First Budget in the World?

A budget is an important financial plan that shows how a government will collect money…

14 hours ago

What is Economic Survey? Why it is Presented Before the Union Budget?

The Economic Survey for FY26 is being presented in Parliament by Union Finance Minister Nirmala…

15 hours ago

Why Are Meghalaya’s Living Root Bridges Nominated To UNESCO Heritage List?

India has officially nominated Meghalaya’s famous living root bridges for UNESCO’s 2026–27 World Heritage evaluation…

16 hours ago

Economic Survey 2025-26: Top 50 Most Important MCQ

"The Economic Survey 2025–26, prepared under the guidance of Chief Economic Advisor Dr. V. Anantha…

16 hours ago

Why Has India Declared Coking Coal Critical and Strategic Mineral?

In January 2026, the Government of India took a significant policy step by notifying coking…

16 hours ago

Why Is Tamil Nadu Building Knowledge City?

Tamil Nadu government marked a major milestone in its vision to transform the State into…

16 hours ago