Reforms in Ukraine and strengthening of capabilities should happen constantly, without stopping, drawing on the best international experience.
The International Monetary Fund (IMF) has announced the launch of a capabilities development fund for Ukraine, for which donors have already allocated $14 million, the head of the National Bank of Ukraine Andriy Pyshny said on Facebook.
“Today (October 14), the IMF announced the launch of the Capability Development Fund for Ukraine. It will cover the needs of the implementation of the plan to develop the potential of our country and the successful implementation of reforms,” said Pyshny.
The head of the NBU emphasized that the last two memorandums of Ukraine with the IMF, in particular, state that the main focus is on maintaining macroeconomic, external and financial stability to strengthen the solvency of Ukraine.
In addition, some areas are important in this general exercise – international financial assistance, Ukrainian economic reform, strengthening of the institutional capacity of the authorities. And behind each of them, the important parts are rhythm, punctuality and completeness. Reforms in Ukraine and strengthening of capabilities should happen constantly, without stopping, drawing on the best international experience.
“The IMF has reconfirmed its leadership in the process of mobilizing financial assistance for Ukraine. Currently, donors have allocated $14 million. The goal is to collect $65 million,” Pyshny said.
As a reminder, it is becoming more difficult for Ukraine to secure financial support as the attention of officials in major donor countries turns to upcoming elections and geopolitical tensions intensify.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.