13 Oct Ukraine Imf Agreement
“The Agreement is subject to approval by Fund management and the IMF Executive Board. The board`s review is expected in the coming weeks. KIEV, Oct 28 (Reuters) – Ukraine has managed to make considerable progress in fulfilling its commitments under an agreement with the International Monetary Fund, Ukrainian Prime Minister Denys Shmygal said on Wednesday. Selenskyj, the National Bank of Ukraine and the previous national government concluded a staff-level agreement with the IMF in early December 2019 to open a new three-year, $5.5 billion EFF program. It was possible to increase the funding to $8 billion. The program was to replace the 14-month stand-by deal worth DDS 2.8 billion (about $3.9 billion) to support Ukraine in last year`s presidential and parliamentary elections. It expired on February 17, 2020. KIEV. May 22 (Interfax) – The International Monetary Fund (IMF) and Ukrainian authorities have reached an agreement on economic policy at the staff level for a new $5 billion stand-by agreement (SBA) to help Ukraine cope with the coronavirus pandemic, the IMF said in a statement early Friday morning. Washington, DC – A team of International Monetary Fund staff, led by Ivanna Vladkova Hollar, held remote talks with Ukrainian authorities on May 21 and reached a joint-level agreement on economic policy for an 18-month new stand-by agreement (SBA). “Today I had a very constructive conversation with President Volodymyr Selenskyj. During our meeting, I congratulated the President on the impressive progress made in recent months by him and his government in promoting reforms and pursuing sound economic policy. I assured the Chair of the IMF`s willingness to support the authorities` political agenda to maintain macroeconomic stability and put the economy on a path to higher, sustainable, and inclusive growth, including with a new IMF-financed program.
I was pleased to note that the IMF General Staff reached an agreement with the authorities on policy in support of a new 3-year agreement of SDR 4 billion (about $5.5 billion) under the Extended Fund Facility. . . .