Ukraine agrees with IMF on sixth review of EFF program - Shmyhal
Kyiv • UNN
Ukraine agrees with the IMF on the sixth review of the EFF program at the expert level. The program is expected to receive $1.1 billion after approval by the Executive Board.
Ukraine's Prime Minister Denys Shmyhal said that Ukraine and the International Monetary Fund (IMF) have reached an agreement at the expert level on the sixth revision of the $1.1 billion Extended Fund Facility (EFF) program, UNN reports.
Ukraine and the IMF agreed at the expert level on the sixth revision of the Program under the EFF. This will allow us to attract another USD 1.1 billion to the state budget
According to him, the Executive Board may make a corresponding decision in the near future.
The Fund noted our progress in meeting structural benchmarks and commitments. They also emphasized that the Ukrainian economy continues to demonstrate resilience," Shmyhal said
The Prime Minister thanked the IMF partners and the Ukrainian team for their successful and well-coordinated work to strengthen and develop Ukraine.
Recall
On November 11, the leadership of the Ministry of Finance of Ukraine, the National Bank of Ukraine, and experts of the International Monetary Fund began discussions on the sixth revision of the Extended Fund Facility program.
The State Budget of Ukraine has already received six tranches under the IMF EFF program totaling about USD 8.7 billion out of the USD 15.6 billion provided for under the program.