Ukraine seeks to clinch 15.6-bln-USD program with IMF in coming weeks


  • World
  • Thursday, 23 Mar 2023

KIEV, March 22 (Xinhua) -- The Ukrainian Finance Ministry on Wednesday said it expects that the Executive Board of the International Monetary Fund (IMF) will approve a new program for Ukraine worth 15.6 billion U.S. dollars in the coming weeks.

The Ukrainian authorities and the IMF experts have already reached a staff-level agreement on the program, the ministry said in a statement.

The 48-month Extended Fund Facility (EFF) arrangement includes a set of macroeconomic and financial policies to support the economic recovery of Ukraine, the statement said.

The IMF mission led by Gavin Gray held talks with Ukrainian officials over the new program on March 8-15 in Warsaw, Poland.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Murder trial opens in death of Detroit-area teen whose disappearance led to grueling landfill search
Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers
Russia targets energy facilities in air attack on Ukraine, officials say
TikTok challenges potential US ban in court
Apple revamps iPads with AI-focused Pro model, bigger Air
Kai Cenat resolves NYC Union Square melee charges with apology, officials say
OpenAI unveils tool to detect DALL-E images
Australia raises minimum savings for student visa, warns on fake recruitment
Katy Perry and Rihanna didn’t attend the Met Gala. But AI-generated images still fooled fans
World's record-breaking temperature streak extends through April

Others Also Read