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IMF to consider revising program for Ukraine October 18

On October 18, the International Monetary Fund will consider another revision of the program for Ukraine.

This is stated on the website of the IMF, the Ukrainian News agency reports.

Earlier, the Mission of the International Monetary Fund regarding the fifth review of the Extended Fund Facility (EFF) program with Ukraine, which worked in Kyiv from September 4 to 10, 2024, completed its work.

The relevant arrangement must be approved by the Executive Directors of the IMF on October 18.

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After that, Ukraine will have access to financing in the amount of SDR 834.8 million (about USD 1.1 billion equivalent).

As the Ukrainian News agency earlier reported, on March 31, 2023, the Executive Board of the International Monetary Fund approved a four-year program of expanded financing for Ukraine.

The program is implemented in two stages (war and post-war) and provides access to credit funds from the IMF in the amount of SDR 11.6 billion (equivalent to USD 15.6 billion).

Tranches under the program are provided based on the results of viewings.

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In 2023, Ukraine received three tranches from the IMF for a total amount of SDR 3.3 billion (USD 4.5 billion).

This year, Ukraine has already received two tranches from the IMF in the amount of SDR 2,333.72 million (about USD 3.08 billion equivalent).

And in general, in 2024, the government will be able to receive four tranches from the IMF with a total volume of SDR 4 billion (USD 5.4 billion equivalent).

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