The International Monetary Fund says officials have reached agreement with Ukrainian authorities as part of a process that would release about 880 million dollars in funds to assist the country.

The IMF announced on Thursday that agreement had been reached during a review of a larger four-year loan program.

The organization approved the 15.6-billion-dollar program in March of last year to help rebuild infrastructure and foster economic recovery in Ukraine.

Ukraine needs to meet various criteria, such as structural reforms aimed at preventing corruption, to receive the disbursement. The final decision will be made by the IMF Executive Board.

The IMF said in a statement that Ukraine's economy experienced strong growth, declining inflation and strengthening reserves in 2023. But it added that the outlook for 2024 "remains highly uncertain as the war continues."

The IMF has been providing financial support to Ukraine since Russia's invasion began in February 2022. Observers say it wants to signal its continued support while the effort to allot additional assistance to Ukraine stalls in the United States.