The IMF’s 18-month, $5 billion Stand-By Arrangement with Ukraine expires in December . So far, Ukraine has received only one tranche, for $2.1 billion. Separately, Ukraine is to receive from the IMF in coming weeks $2.8 billion, part of a worldwide distribution to member countries. In... #IMFagreementwithUkraine #IMFandUkraine #IMFmoney2021
Failure to reach an agreement with the IMF and the resignation of one third of top officials at the bank over the last year are the leading complaints against Kyrylo Shevchenko, Governor of the National Bank of Ukraine, reports Economichna Pra... #imf #IMFagreementwithUkraine #IMFaidforUkraine
Removing an obstacle to an IMF agreement, Ukraine’s Rada approved yesterday a bill that gives external advisors authority over the selection of judges. Last week, Zelenskiy vetoed a version that removed this power. The law is seen as key to building an honest judiciary. #IMFagreementwithUkraine #judicialsystemshakeup #Ukrainejudicialsystem #ZelenskiyFightsCorruption
Ukraine should receive $2.7 billion from the IMF by late August, in time for $3 billion in debt payments due in September, Vladislav Rashkovan, Ukraine’s Alternate Executive Director to the IMF, writes on Facebook from Washington. The funds will be Ukraine’s portion of a $650 billion distribution of IMF money approved Thu... #IMFagreementwithUkraine #IMFandUkraine2021 #UkraineRecievesMoneyfromIMF
Separately, Ukraine’s Finance Minister Serhiy Marchenko reported Friday that Ukraine and the IMF have reached a compromise on anti-corruption and corporate governance reforms. Last week, Marchenko had a series of meeting with IMF officials in Washington to try to restart the IMF lending program that stalled one year ago. The Finance Ministry statement concluded: “The partie... #IMFagreementwithUkraine #IMFaidforUkraine #IMFandUkraine2021
