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

The IMF team has arrived in Kyiv for crucial 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 Feb. 13, the IMF team will join a Steering Committee meeting under its patronage to discuss priorities for enhancing Ukraine’s capacity and its support for this task. This gathering will bring together Ukrainian officials, development partners, and IMF staff to address these critical issues. In December 2023, Ukraine received a third tranche of funding worth approximately $900 million from the IMF under the Extended Fund Facility (EFF) program.

The IMF team will also participate in an IMF mission led by Gavin Gray, which will begin discussions with Ukrainian authorities in Warsaw as part of the third review of the EFF program. As previously reported, the IMF has disclosed that Ukraine requires funding in 2024 to address its economic challenges and achieve its policy objectives.

These discussions will be vital for evaluating Ukraine’s economic situation and determining the necessary support for the country. The support from the IMF is critical in helping Ukraine overcome its economic challenges and achieve its policy goals. It also reflects the ongoing cooperation and partnership between Ukraine and the IMF.

By Editor

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