IMF reaches agreement with Ukraine on new eight-billion-dollar program
An IMF delegation met with Ukrainian officials from November 17–21 to discuss the proposed arrangement. The agreement outlines a set of macroeconomic and structural policies that could be supported under an Extended Fund Facility (EFF) over four years.
The IMF noted that “Russia’s war continues to take a heavy toll on Ukraine’s people and its economy. The authorities nevertheless remain steadfast in their resolve to maintain macroeconomic stability and to restore debt sustainability and external viability. They are also committed to addressing informality, tackling corruption, and improving governance, including in the state-owned enterprise sector.”
The fund emphasized its continued engagement with Ukraine, stating that the program could be submitted to the IMF’s Executive Board for approval once prior actions are completed and adequate donor financing is secured. The IMF also added that “the IMF welcomes all efforts to secure a durable peace, and the program will be recalibrated as needed at each review depending on progress towards a resolution of the war.”
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