The first review of Ukraine’s program with the IMF will start on Tuesday
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On Tuesday, May 22, the mission of the International Monetary Fund for the first review of the four-year program with Ukraine in the amount of 15.6 billion dollars begins its work.
About this reported Prime Minister Denys Shmyhal.
The mission will start work in Vienna. We are talking about the extended financing program approved in March, within the framework of which Ukraine will receive 15.5 billion dollars from the fund over 4 years. The first tranche in the amount of 2.7 billion dollars arrived at the beginning of April.
In addition, in a conversation with Alfred Kammer, director of the IMF’s European department, the Ukrainian prime minister discussed the Fund’s assistance in Ukraine’s European integration and post-war reconstruction.
Shmyhal reminded that work is ongoing on the creation of the International Compensation Mechanism, in order to direct the confiscated Russian assets to the reconstruction of Ukraine.
“We are counting on the support of the IMF in this direction, as well as further assistance in the consolidation of financial support from partners from all over the world,” Shmyhal added.
Read also: A historic decision. How the new IMF program will allow Ukraine to attract more than 50 billion dollars
We remind you:
The IMF’s executive board approved a four-year, $15.6 billion financing package for Ukraine to help the country meet its urgent financial needs amid the ongoing war. In general, this year Ukraine can receive three tranches from the IMF for a total amount of SDR 3.3 billion (USD 4.5 billion).
Subsequently, the International Monetary Fund published 19 structural beacons, which Ukraine promised to implement within the framework of the $15.6 billion cooperation program.
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