IMF, Ukraine reach deal that would give it access to some $1.1 billion

FILE PHOTO: Ukrainian flags fly in honour of Ukraine's Independence Day at the Senate Square in front of the Government Palace in Helsinki, Finland, August 24, 2024. Lehtikuva/Jussi Nukari/via REUTERS/File Photo

WASHINGTON (Reuters) -The International Monetary Fund said on Tuesday it had reached a preliminary agreement with Ukraine that would give the war-torn country access to about $1.1 billion in financial assistance.

The agreement follows what Kyiv said on Tuesday were "difficult" talks and is subject to approval by the fund's executive board, which the IMF said in a statement is expected to happen in "coming weeks".