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The International Monetary Fund on Friday announced a staff-level agreement with Ukraine on updated economic and financial policies, paving the way for a $900 million disbursement from its $15.6 billion lending program once approved by the board. According to Reuters, the global lender said its executive board was expected to consider the agreement in coming weeks.
The International Monetary Fund has upgraded its growth forecast for Ukraine's economy in 2023 to 4.5% from 1-3%, as it continues to show remarkable resilience and recent economic developments point to a stronger-than-expected economic recovery.
The International Monetary Fund (IMF) staff and the Ukrainian authorities have reached a staff level agreement (SLA) on an updated list of economic and financial policies for the second review of the four-year Extended Fund Facility, the fund said in a statement on Saturday night.
The IMF mission will begin discussing measures with representatives of the Ukrainian authorities regarding the second review of the Extended Fund Facility (EFF) programme on 6 November. Source: Vahram Stepanyan, the IMF's Resident Representative for Ukraine Quote: "An IMF mission, led by Gavin Gray, will today start technical discussions with the Ukrainian authorities on recent economic developments as well as fiscal, financial and structural policies to prepare for the 2023 Article IV Consultat
The mission of the International Monetary Fund (IMF), led by Gavin Gray, begins on Monday discussions with representatives of the Ukrainian authorities on discussions within the framework of the second review of the Extended Fund Facility (EFF), according to a statement by IMF Resident Representative in Ukraine Vahram Stepanyan.