Ukraine is applying for $1.3B in emergency aid from IMF.

On September 30, the Board of Executive Directors of the IMF approved the expansion of anti-crisis financing instruments, which will enable Ukraine to apply for a new tranche of aid within the scope of the Rapid Financing Instrument, the NBU reported. This anti-shock food window provides additional aid to countries suffering from significant cashflow deficits caused by the global food crisis. Ukraine plans to request an additional $1.3B from the IMF under this program. “After approval by the Board of Executive Directors of the IMF, these funds may arrive as early as October,” noted NBU Chairman Kyrylo Shevchenko. He added that Ukraine hopes to start work on a new full-fledged IMF program as soon as possible.