The International Monetary Fund noted on March 21, 2023, that representatives of the IMF and the Ukrainian authorities reached an agreement at the staff level on the approval of the Extended Fund Facility (EFF) for Ukraine in the amount of more than $15 billion.
Source: The International Monetary Fund (IMF)
“The EFF, with requested access of SDR 11.6 billion (about US$15.6 billion), or 577 percent of quota, aims to support the Ukrainian authorities anchor policies that sustain fiscal, external, price and financial stability, and support the ongoing gradual economic recovery, while promoting long-term growth in the context of post-war reconstruction and Ukraine’s path to EU accession,” reported the International Monetary Fund.
The final decision must be approved by the Executive Board of the IMF. Its board meeting on the issue is expected in the coming weeks.
“The staff-level agreement reflects the IMF’s continued commitment to support Ukraine and is expected to help mobilize large-scale concessional financing from Ukraine’s international donors and partners,” added the International Monetary Fund.
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