The Ukrainian side and the IMF also discussed the introduction of reforms and the implementation of structural beacons.
The International Monetary Fund is launching a mission for the fifth review of the EFF Extended Fund Facility, which will allow Ukraine to raise $1.1 billion by the fall of 2024. Prime Minister Denis Shmygal announced this on Telegram on Monday, September 2.
“We discussed the start of the mission’s work in a conversation with the Director of the European Department of the IMF, Alfred Kammer. I thank Mr. Kammer and the entire Fund team for their consistent work in the fourth revision of the program that took place this summer ,” said Shmygal.
According to him, they also discussed the introduction of reforms and the implementation of structural beacons.
“We have noticed progress in this direction that Ukraine is systematically working with partners to ensure macro-financial stability in particular, it is successfully implementing the EU Facility program worth 50 billion euros,” emphasized Prime Minister.
Shmygal said that in a conversation with Kammer they also focused on the issue of confiscation of Russian assets, “which should be a significant resource for supporting Ukraine.”
We remind you that the head of the IMF mission in Ukraine, Gavin Gray, believes that the war in Ukraine will continue next year. In this regard, Ukraine needs more money to finance the budget than previously thought.
Earlier, the IMF published an updated memorandum on Ukraine, the fulfillment of the conditions of which will determine additional support for Ukraine.
Source: korrespondent
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