IMF delegation arrives in Ukraine

The team of the International Monetary Fund (IMF) headed by Uma Ramakrishnan, Deputy Director of IMF European Department, starts its work on 1 October at the meeting in the city of Kyiv with the representatives of the Ukrainian government and other key partners.

Source: a statement by Vahram Stepanian, Permanent IMF Representative in Ukraine

Quote: "The high-level dialogue will focus on promising measures and challenges in the context of the Extended Fund Facility (EFF) programme implemented by Ukraine with the support of the IMF."

Background: Reportedly, on 25 September in Warsaw, the IMF mission started technical discussions with the Ukrainian representatives in the context of the preparation for the second revision of the Extended Fund Facility (EFF) programme.

In June, the Board of Directors of the IMF finished the first revision of the Extended Fund programme within the framework of EFF for Ukraine, which received about $890 million to support its budget.

In March, the IMF Execution Board adopted a four-year financial package for Ukraine for the amount of $15.6 billion in order to help Ukraine cover urgent financial needs amid the war. In total, Ukraine can receive three tranches with the total worth of SDR 3.3 billion [$4.5 billion – ed.] from the IMF.

Later, the IMF published the list of 19 structural criteria, which Ukraine promised to meet within the $15.6 billion cooperation programme.

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