A delegation of the International Monetary Fund (IMF) has arrived in Ukraine for negotiations on the EFF financing program.
This follows from a statement by the IMF, the Ukrainian News agency reports.
"The IMF team, led by the Deputy Director of the European Department of the IMF Uma Ramakrishnan, begins (October 1) meetings in Kyiv with representatives of the Ukrainian authorities and other key partners. The high-level dialogue will focus on promising measures and challenges in the context of the Extended Fund Facility (EFF) implemented by Ukraine with the support of the IMF," the press service of Vahram Stepanyan, Permanent Representative of the IMF to Ukraine, quotes.
Other details are not specified.
On September 25, the Mission of the International Monetary Fund began technical discussions with the authorities of Ukraine regarding fiscal and budgetary and other measures for the 2nd revision of the EFF.
As the Ukrainian News agency earlier reported, on June 29, 2023, the IMF Board of Directors completed the first review of the EFF.
The review noted the significant progress of the Government of Ukraine in fulfilling its obligations under the EFF program.
Ukraine fulfilled all relevant quantitative performance criteria for April and structural benchmarks as of the end of June.
Ukraine has already received USD 3.59 billion from the IMF.
The total funding under the program is USD 15.6 billion (SDR 11.6 billion).
On September 15, the Cabinet of Ministers submitted to the Verkhovna Rada the draft state budget for 2024 with revenues of UAH 1.746 trillion, expenditures of UAH 3.309 trillion, and a deficit of UAH 1.594 trillion or 20.4% of GDP.
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