Prime Minister of Ukraine Denys Shmyhal announced that an agreement has been reached with the International Monetary Fund (IMF) on the sixth review of the Extended Fund Facility (EFF) at the expert level. According to this agreement, after approval by the IMF Executive Board, Ukraine will be allocated 1.1 billion US dollars.
Ukraine and the IMF have agreed at the expert level on the sixth review of the Program under the Extended Fund Facility (EFF). This will allow us to attract another $1.1 billion to the state budget
According to him, the Executive Council may make a corresponding decision in the near future.
The Fund noted our progress in fulfilling structural milestones and commitments. They also emphasized that the Ukrainian economy continues to demonstrate resilience,” Shmyhal pointed out
The Prime Minister thanked the IMF partners and the Ukrainian team for their successful and coordinated work to strengthen and develop Ukraine.
On November 11, the leadership of the Ministry of Finance of Ukraine, the National Bank of Ukraine, and experts from the International Monetary Fund began discussions on the sixth review of the Extended Fund Facility program.
The State Budget of Ukraine has already received six tranches under the IMF EFF program, totaling about $8.7 billion out of the $15.6 billion provided for by the program.
