IMF and Ukraine Reach Staff-Level Agreement on Loan Review, Awaiting Board Approval
The International Monetary Fund (IMF) and Ukrainian authorities have reached a staff-level agreement on the first review of Ukraine's $8.1 billion Extended Fund Facility program, with a potential disbursement of $690 million. The IMF completed its review of Ukraine's economy and confirmed that Kyiv met all quantitative performance criteria and indicative targets by the end of March. Ukraine实施了两个结构
The International Monetary Fund (IMF) and Ukrainian authorities have reached a staff-level agreement on the first review of Ukraine's $8.1 billion Extended Fund Facility program, according to globalbankingandfinance.com. The agreement could enable a disbursement of $690 million, as reported by both kyivindependent and globalbankingandfinance.com. Ukraine met all quantitative performance criteria and indicative targets for the loan by the end of March, globalbankingandfinance.com reported. However, Ukraine implemented two structural benchmarks with a delay and missed one benchmark, according to globalbankingandfinance.com. IMF staff and Ukrainian authorities agreed to a revised timeline for implementing reforms, corrective actions to address slippages, and additional policy commitments, globalbankingandfinance.com reported. The IMF also completed a review of Ukraine's overall economy, globalbankingandfinance.com reported. The IMF's board must still approve the agreement, globalbankingandfinance.com reported.
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