IMF Ukraine loan payout jeopardized by Russian invasion uncertainty

President Volodymyr Zelenskiy's beleaguered government has been counting on the IMF to unlock the next $700 million from a $5 billion loan for Ukraine approved in 2020.

IMF loan payouts for Ukraine are in jeopardy after the uncertainty caused by Russia’s invasion led board members to question whether they have leeway under fund rules to approve more disbursements, according to people familiar with the matter.
 

International Monetary Fund executive directors at an informal meeting on Friday highlighted the political and economic risks from the war, according to the people, who asked not to be named discussing the closed-door meeting. While they expressed support for the Ukrainian people, they also voiced concern for the war’s implications for the country to repay its current loan approved in 2020 and