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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

under a plan by the International Monetary Fund Managing Director, Kristalina Georgieva, to allocate $650 billion from international reserves to restore the world economy after the coronavirus crisis. Unlike the conventional IMF programs this money would not have to be paid back. The National Bank of Ukraine Governor, Kyrylo Shevchenko, announced the possible windfall yesterday following a meeting with Alfred Kammer, the Director of the IMF’s European Department.

Goesta Ljungman, the IMF’s resident representative, said in a lengthy interview with Interfax-Ukraine. “At this stage, it is not possible to make any predictions about when the review can be completed. This depends on how quickly there is progress on outstanding issues,” he said, referring to the Stand-By Arrangement that has been largely dormant since $2.1 billion was disbursed last June 11.