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PM Shmyhal: New IMF program to help maintain macrofinancial stability of Ukraine
The new Extended Fund Facility (EFF) arrangement for Ukraine, which has been approved by the International Monetary Fund (IMF) Executive Board, will help the Ukrainian government to finance all critical expenditures and maintain the country’s macrofinancial stability.
The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal on Telegram, an Ukrinform correspondent reports.
“The program will consist of two parts. The first part is urgent funding until our victory in this war. The second part is Ukraine’s post-war reconstruction and transformation. The first tranche worth more than $2.7 billion is expected to be received in the near future,” Shmyhal wrote.
The Prime Minister of Ukraine expressed gratitude to the teams of the Ukrainian Finance Ministry, the National Bank of Ukraine, the IMF, and all those invved for their efforts.
A reminder that, on March 31, 2023, the IMF Executive Board approved a new Extended Fund Facility (EFF) arrangement for Ukraine, totaling $15.6 billion.
Source: ukrinform.net
