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IMF Reviews Ukraine’s Economic Situation and Determines Needed Support in Kyiv

ByEditor

Feb 13, 2024
International Monetary Fund (IMF) conducts discussions in Kyiv regarding continued assistance for Ukraine’s economy

The IMF team is currently in Kyiv for meetings with Ukrainian authorities and partners to discuss ongoing support. Led by Uma Ramakrishnan, Deputy Director of the IMF’s European Department, the team will focus on the economic policy objectives of Ukraine and the challenges facing its economy.

On February 13th, the IMF team will join an inaugural meeting of the Steering Committee of the Ukraine Capacity Building Fund, which is under IMF patronage. This gathering will bring together Ukrainian authorities, development partners, and IMF staff to discuss priorities for enhancing Ukraine’s capacity and the IMF’s support for this crucial task. In December 2023, Ukraine received a third tranche of funding worth about $900 million from the IMF under the Extended Fund Facility (EFF) program.

In addition to these meetings, Gavin Gray, an IMF mission leader, will also be present in Kyiv as part of a third review of the EFF program. This review will take place in Warsaw and will involve discussions with Ukrainian authorities on their economic situation and necessary support for the country. Previously reported by the IMF, Ukraine was disclosed as requiring funding in 2024.

These discussions are critical for evaluating Ukraine’s economic situation and determining necessary support for the country. The support from the IMF plays an important role in helping Ukraine address its economic challenges and achieve its policy objectives. It is also a reflection of ongoing cooperation and partnership between Ukraine and the IMF.

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