The new IMF program for Ukraine, amounting to $8.1 billion, will be reviewed in the event of successful peace talks. It aims to maintain macroeconomic stability and expand structural reforms.
The new $8.1 billion International Monetary Fund program for Ukraine will be reviewed in the event of successful peace talks, IMF head Kristalina Georgieva announced after the meeting of the Board of Directors, UNN writes.
The program will be promptly reviewed in the event of successful peace talks
– Georgieva noted.
According to her, the new IMF program for Ukraine "aims to preserve hard-won macroeconomic and financial stability, as well as to expand and deepen structural reforms as the war continues." "This will address Ukraine's balance of payments problem and restore medium-term external sustainability, provide good prospects for recovery and growth in the post-war period, and facilitate Ukraine's path to EU membership," the IMF head said.
According to the program, she said, "the authorities commit to overcoming long-standing obstacles to growth, including by combating corruption, promoting the formalization of economic activity, addressing tax avoidance and evasion, reforming energy markets, and strengthening financial market infrastructure."
"The risks to the EFF agreement are exceptionally high. The success of the program will depend not only on the continued support from the international community to reduce fiscal and external financial deficits and restore debt sustainability, but also on the unwavering determination of the authorities to implement ambitious structural reforms and their readiness to take additional measures if necessary," Georgieva emphasized.
The IMF approved a new four-year financing program for Ukraine worth over $8 billion27.02.26, 00:38 • 13574 views
To be continued…
