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The Executive Board of the International Monetary Fund (IMF) has approved a monitoring program for the Ukrainian economy, the fund’s press service reports.
The Program Monitoring with Board involvement does not provide for the allocation of new tranches, but should help raise funds from external sources, Bloomberg notes. According to the agency, the amount of funds could reach up to $20 billion.
The four-month program is designed to help Ukraine “stimulate donor funding in the face of very large balance of payments needs and extremely high risks.”
IMF First Deputy Managing Director Gita Gopinath said that the priority of the program will be “measures to support the macroeconomic and financial stability of Ukraine.” Key activities include strengthening revenue mobilization and revitalizing the domestic debt market, preparing a financial sector strategy, and improving transparency and governance.
Source: Rosbalt
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