2021-11-22T15:36:00+02:00 Economy 2024-04-15T06:11:37+03:00

Ukrainian news

IMF To Consider Allocating Next Tranche To Ukraine On Monday

IMF To Consider Allocating Next Tranche To Ukraine On Monday

On Monday, November 22, the International Monetary Fund (IMF) is planning to consider the issue of allocating the next tranche to Ukraine.

That follows from the data posted on the Fund's website, Ukrainian News Agency reports.

During the meeting of the Fund, it is planned to revise the stand-by program of cooperation with Ukraine.

On October 18, the IMF announced that its mission and the Ukrainian authorities had reached an agreement at the staff level on the first revision of the stand-by program.

This paves the way for the results of the first revision of the stand-by program and the request for an extension of the program to be submitted to the IMF's board of executive directors.

The completion of the first revision will allow talking about a tranche in the amount of 500 million in special drawing rights, which is the equivalent of about USD 700 million.

As Ukrainian News Agency earlier reported, an 18-month stand-by program with Ukraine with access to 3.6 billion special drawing rights (equivalent to about USD 5 billion) was approved on June 9, 2020, with the aim of providing the balance of payments and budget support while Ukrainian authorities are struggling with the consequences of the COVID-19 pandemic.

The current program expires on December 8, 2021.