The IMF Board has completed the fifth EFF review for Ukraine and will allocate $1.1B,

an IMF statement says. Experts note that the Ukraine’s economy remains stable, and the implementation of the EFF program is high, despite difficult conditions. Ukrainian authorities met all quantitative performance benchmarks by the end of June and have completed four structural benchmarks.

In total, within the EFF framework, Ukraine has already implemented 28 structural beacons. In particular, it has developed a methodology for assessing the effectiveness of tax benefits, adopted a new law on the Bureau of Economic Security, identified the leading public companies that have been seriously affected by the war, and prepared an analysis of potential fiscal and quasi-fiscal costs. Amendments to the Customs Code were approved ahead of schedule, and a plan to ensure a clear link between medium-term budget planning and capital expenditures was approved.

Due to an optimization of the tranche schedule, Ukraine will receive four tranches (more than $2.6B) instead of two (for $1.83B) next year.