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HomeWorldShmigal spoke about the...
November 2, 2023

Shmigal spoke about the revision of the IMF program for extended financing of Ukraine

By David
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    The International Monetary Fund is preparing a mission for the second review of the extended financing program for Ukraine. Prime Minister Denis Shmigal announced this today following a conversation with the Director of the IMF European Department Alfred Kammer.

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    .

    According to Shmygal, the parties discussed the introduction of reforms and their implementation by Kiev and noted progress in this direction.

    The IMF is preparing a mission for the second revision of the extended financing program, which will attract the next tranche of assistance in the amount of approximately $900 million, Szmigal said.

    During a conversation with Kammer, the head of government touched upon the topic of financing Ukraine’s state budget deficit, supporting small and medium-sized businesses and measures to grow the economy.

    Let us recall that on March 31, the IMF approved a four-year extended financing program for Ukraine in the amount of $15.6 billion. The program is part of a $115 billion international support package. At the same time, Kyiv has committed to implementing 19 structural lighthouses to continue funding.

    Source: Racurs

    David
    David

    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.

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