In March of this year, the Executive Board of the International Monetary Fund (IMF) approved a four-year Extended Financing Facility (EFF) program for Ukraine, worth 15.6 billion US dollars, and now news has emerged about the next stage of the disbursement of this assistance.
The news first appeared on the National Bank News when the IMF would take the decision to allocate the next tranche to Ukraine. This tranche is expected to be around 1.9 billion US dollars and will be used to support the country’s economic reforms.
The EFF program is designed to help Ukraine overcome the economic crisis caused by the COVID-19 pandemic and to support the country’s economic reforms. The program provides financial assistance to Ukraine in the form of loans, grants, and technical assistance.
The IMF Board of Directors has also approved a new program of macroeconomic policies for Ukraine. This program is designed to support the country’s economic recovery and to promote sustainable economic growth. The program includes measures to reduce inflation, improve the business environment, and strengthen the financial sector.
The IMF has also approved a new package of reforms to improve the country’s public finance management. This package includes measures to strengthen the budget process, improve the efficiency of public spending, and reduce corruption.
The IMF’s support for Ukraine is a positive sign for the country’s economic prospects. The EFF program and the new macroeconomic policies will help the country to overcome the economic crisis caused by the pandemic and to promote sustainable economic growth. The new package of reforms will also help to improve the country’s public finance management and reduce corruption. This will create a more favorable environment for businesses and investors, which will help to create jobs and stimulate economic growth.
