The mission will focus on assessing the progress of the Ukrainian authorities in fulfilling political commitments and conditions under the program.
The mission of the International Monetary Fund began to work in Ukraine. Its representatives will review the progress of the Ukrainian authorities in fulfilling the conditions of the program, Ukrinform reported on Tuesday, May 23.
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“The IMF mission led by Gavin Gray begins today with representatives of the Ukrainian authorities to discuss measures in the context of the first revision of the Extended Financing Program (EFF),” said Vahram Stepanyan, IMF Resident Representative in Ukraine.
The mission will focus on assessing the progress of the Ukrainian authorities in meeting the political commitments and conditions under the program, mainly in the areas of fiscal policy, governance and fiscal policy.
As you know, on March 31, the IMF board approved a four-year program for Ukraine in the amount of $15.6 billion. It is part of a large support package for G7 countries at a cost of $115 billion during the program. This is the first major loan approved by the IMF for a country involved in active military conflict.
It was also learned about Ukraine’s obligations to the IMF under the new loan program.
On April 3, Ukraine received the first tranche from the IMF in the amount of $2.7 billion. But for the allocation of each subsequent tranche under the terms of the program, a revision of the fund’s mission is required.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.