The International Monetary Fund (IMF) has approved a new loan tranche of approximately $690 million for Ukraine, AzerNEWS reports.

The Executive Board of the IMF authorized the disbursement following the completion of the first review of Ukraine’s 48-month Extended Fund Facility (EFF) program.

With this latest release, Ukraine’s total financial assistance under the framework has reached $2.2 billion. The funds are part of a broader four-year, $8.1 billion EFF program originally approved by the IMF in February.