The Board of Directors of the International Monetary Fund (IMF) has approved the seventh review of the Extended Fund Facility (EFF) program. Consequently, Ukraine will soon receive the eighth tranche amounting to approximately $400 million.
This is reported by Business • Media
Under the EFF program, about $9.8 billion has already been allocated to Ukraine’s state budget out of the planned $15.5 billion for the period of 2023-2027. The IMF emphasized that the Ukrainian side has demonstrated significant progress in meeting the conditions of the EFF program by the end of December 2024. It was noted that the Ukrainian economy remains resilient, and the performance indicators of the EFF program are high despite the conditions of war.
“Ukraine has met all quantitative performance criteria as of the end of December, the prior actions for this review, as well as most of the structural benchmarks. The deadlines for some conditions have been adjusted to account for capabilities,” the statement said.
Additionally, the IMF has postponed four structural benchmarks and introduced four new ones. The postponed benchmarks relate to the financial sector and anti-corruption policy, while the new ones pertain to taxation, customs control, investment, and the management of state-owned enterprises.