**IMF Gives Ukraine $400 Million in Funding**
The International Monetary Fund (IMF) has approved a payment of $400 million to help stabilize the economy of Ukraine. This is part of a larger program to provide Kyiv with $15.6 billion over four years.
The IMF’s decision was made after reviewing the country’s progress under a special agreement called the Extended Fund Facility (EFF). The EFF program will give Ukraine money to support its budget and help it recover from Russia’s war.
**Economic Challenges Ahead**
Ukraine’s economy is facing many challenges. The war with Russia has had a devastating impact on the country, and inflation rates have been higher than expected. The IMF’s managing director, Kristalina Georgieva, said that Ukraine’s economy was resilient but faced risks due to energy needs and a tight labor market.
**Ukraine Needs More Funding**
The Finance Ministry in Kyiv says that Ukraine needs more funding to cover its expenses. Last year, the country received $42.5 billion from international partners, but it needs at least $12 billion more this year to stay on track.
**IMF’s Message**
Georgieva urged Ukraine’s National Bank to be ready to take further action if inflation expectations worsen. She also mentioned that the recent growth slowdown in Ukraine was expected to continue into 2025 due to energy needs and a tight labor market.