Ukraine has successfully fulfilled all key indicators and structural beacons under the program of cooperation with the International Monetary Fund (IMF), which allows the board of the fund to approve the fifth tranche in the amount of 1.1 billion dollars in the near future. This was reported by "Voice of America" , quoting US Deputy Treasury Secretary Brent Nieman.
Brent Niemen confirmed that Ukraine copes well with the requirements of the program, and this allows the fund to move towards the approval of the next tranche. In particular, at the working level, the IMF approved the decision on September 10, but the final approval depends on the executive board.
"Ukraine has already passed several revisions of the program exceptionally well and completed the fifth revision of the IMF program about a month ago," Niemen said. He also expressed confidence that the fund's board will approve the fifth tranche of $1.1 billion in the near future.
We will remind that Ukraine and the IMF at the level of experts agreed on the fifth revision of the Extended Fund Facility (EFF) for a total amount of 15.6 billion dollars. Prime Minister of Ukraine Denys Shmyhal confirmed that all quantitative criteria and structural beacons were fulfilled by the end of June, which opens the way for further funding.
Given the successful implementation of the program, the fifth tranche is an important step in maintaining the stability of the Ukrainian economy during the war. As Niemen notes, Ukraine has shown a high level of responsibility in fulfilling all IMF requirements, which increases its chances of further support.
Despite positive results in cooperation with the IMF, Ukraine faced certain challenges in the international arena. In particular, the IMF intended to send a mission to Russia for the first time since the beginning of the full-scale invasion, which caused criticism from Ukraine and a number of European countries. As a result, the planned consultations were postponed indefinitely.
Despite this, Ukraine's cooperation with international financial institutions continues to be an important factor in maintaining economic stability and recovery in wartime conditions.
