Ukraine seeks to reach an agreement on the IMF mission on the expanded financing program by March.
Ukraine hopes that the new program of expanded financing from the IMF will clearly be built in two stages – military and post-war – and will last four years. The National Bank reported this on Wednesday, March 8.
They recalled that today in Warsaw the IMF mission started negotiations with Ukraine and noted that the work will be carried out in a hybrid format – many offline and online meetings are expected.
“The Ukrainian team will include representatives of the National Bank, the Ministry of Finance of Ukraine and other departments. The general concept of the program, which will be discussed during the mission, is based on the continuation of Ukraine’s course towards the European integration, in particular, bringing the national legislation of Ukraine to EU norms and standards,” the message said.
Also, Ukraine’s obligations are related to monetary, budgetary, tax policy, price stabilization and financial stability and the effective functioning of the domestic debt market, the National Bank added.
“We are working to reach an agreement with the IMF mission on the expanded financing program within March and to produce this agreement for the consideration of the IMF Board of Directors. The experience of passing the Monitoring Program confirms the ability of Ukraine to fulfill its obligations and readiness to implement reforms, despite the continuation of a full-scale war. We We are set for a productive discussion and search for joint solutions,” said Andriy Pyshny, head of NBU.
Recall that in 2023 Ukraine needs 10 billion dollars of additional external financing to cover the state budget deficit.
At the same time, the IMF said that they consider a full loan for Ukraine possible, although it is usually not given to warring countries.
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Source: korrespondent
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