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IMF, Ukraine reach staff-level agreement on $700M loan

IMF, Ukraine reach staff-level agreement on $700M loan
19 of October 2021 г.
The International Monetary Fund and the Government of Ukraine have reached a staff-level agreement on the first review of the Stand-By Arrangement and allocating a nearly $700 million tranche for Ukraine.

That’s according to an official statement by the IMF, released Monday evening, Ukrinform reports.

“IMF staff team and Ukrainian authorities reached a staff-level agreement on policies to support the country’s reforms in the context of the Stand-by Arrangement (SBA),” the statement says.

The press service notes the move paves the way for consideration of the first review of the Stand-By Arrangement (SBA) and request for an extension of the program by the IMF’s Executive Board.

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