November 14, 2024
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The IMF mission started work in Kyiv on the 6th review of the EFF program: what beacons should Ukraine fulfill

The IMF mission began work in Kyiv on the 6th revision of the EFF program: what beacons should Ukraine fulfill The leadership of the Ministry of Finance and the National Bank of Ukraine began discussing the sixth revision of the EFF program with IMF experts. Ukraine needs to complete four structural beacons to receive the next tranche in December.”, — write on: unn.ua

Today, the leadership of the Ministry of Finance of Ukraine, the National Bank of Ukraine and experts of the International Monetary Fund began discussions on the sixth revision of the Extended Fund Facility (EFF) program, reports UNN.

Details

Minister of Finance Serhii Marchenko, First Deputy Minister of Finance Denys Ulyutin, Deputy Ministers of Finance Yuriy Draganchuk, Olga Zykova, Svitlana Vorobey and Government Commissioner for State Debt Management Yuriy Butsa are participating from the Ministry of Finance.

The IMF mission will continue for the next few days in Kyiv.

The purpose is to discuss the status of Ukraine’s fulfillment of the terms of the EFF program and to prepare for the sixth revision of the Memorandum on Economic and Financial Policy.

Ukraine will continue projects with the EU and the IMF: Shmyhal told what it was aboutOctober 25, 2024, 10:03 am • 12528 views

According to the agency, by the sixth review, Ukraine must complete four structural milestones: carry out a review of pre-war policies and practices of medium-term budget planning; assess financial risks for financial stability and prepare an action plan for various scenarios; to assess the financial condition of enterprises of centralized heat supply; and also to develop a policy for the management of state property in state-owned enterprises, a dividend policy and a privatization strategy.

The IMF has increased Ukraine’s financing plan for 2025 to $2.7 billion. – Ministry of FinanceOctober 23, 2024, 11:10 am • 13452 views

“The Ministry of Finance, together with the teams of the National Bank and the IMF, continues to actively work on the implementation of jointly defined reforms. We have already successfully passed five revisions of the Program and are counting on a successful sixth revision already in December and, as a result, receiving the next tranche in the amount of about 1.1 billion US dollars “, Marchenko noted.

Ukraine received 1.1 billion dollars. from the IMFOctober 23, 2024, 08:45 • 12301 views

We will remind that the State Budget of Ukraine has already received six tranches under the IMF EFF program with a total amount of about 8.7 billion US dollars out of 15.6 billion US dollars provided for by the program.

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