International Monetary Fund (IMF) announced on Monday in a statement that it concluded its Second Review of the extended arrangement under the Extended Fund Facility (EFF) for Ukraine, and approved $900 million in funds, which the authorities can draw immediately.
The funds are part of a package of $15.6 billion that was approved back in March of this year. “The authorities’ IMF-supported program aims to anchor policies that sustain fiscal, external, price and financial stability at a time of exceptionally high war-related uncertainty, support the economic recovery, as well as enhance governance and strengthen institutions to promote long-term growth in the context of reconstruction and Ukraine’s path to EU accession,” it was noted in the statement.
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