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IMF to consider second stand-by tranche for Ukraine on November 22

Source : 112 Ukraine

The Board of Directors will also consider the issue of continuing the program of cooperation with Ukraine
14:41, 12 November 2021

Open source

The Board of Directors of the International Monetary Fund (IMF) plans to approve the results of the first revision of the stand-by program on November 22 as the Fund reported.

Related: Ukraine to receive $ 700 mln from IMF in November,- PM

The Board of Directors will also consider the issue of continuing the program of cooperation with Ukraine.

IMF

In June 2020, the IMF approved a stand-by program for Kyiv with a total volume of about $ 5 billion, immediately allocating the first tranche of funding in the amount of $ 2.1 billion. Four reviews of the implementation of the program conditions were scheduled for the allocation of the remaining four tranches. However, the agreed schedule was violated, and funding was suspended due to Ukraine's failure to fulfill a number of obligations.

Related: Ukraine-IMF discusses risks due to growth of gas prices, - Finance Minister

On October 19, the IMF completed its mission in Ukraine headed by Ivanna Vladkova-Hollar, following which an agreement was reached with Kiev on revising the stand-by lending program.



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