Agreement on extended financing of USD 15.6 billion for Ukraine’s recovery reached with the IMF

Опубліковано 22 March 2023 року, о 18:15

Representatives of the Ukrainian authorities and experts of the International Monetary Fund have reached an agreement at the working level on a 4-year Extended Fund Facility (EFF) program.

According to the Ministry of Finance, the Agreement provides funding for Ukraine in the amount of USD 15.6 billion. It includes a number of macroeconomic and financial measures to support the economic recovery of our country.

The EFF program consists of two phases.

The first stage (12-18 months), based on the measures of the Monitoring Program, involves strengthening financial stability by enhancing revenue mobilization.

The second stage includes:

– reforms aimed at recovery and reconstruction;

– measures aimed at supporting Ukraine’s accession to the EU;

– enhancing financial sustainability and accelerating long-term growth.

The program will help mobilize financing from Ukraine’s international partners, as well as help maintain macrofinancial stability and lay the foundation for Ukraine’s recovery.