The IMF initiates a new EFF program review with Ukraine with $487M at stake. On May 20, the IMF began its mission for the eighth review of the Extended Fund Facility (EFF) for Ukraine. The previous day, a foundational meeting was held with representatives from the National Ban... #EFFprogram #imf #IMFStructuralBeacons #nbu #ReformsinUkraine #SupportUkraine
Ukraine has already received $100B in external financing and has completed all tasks to receive a new tranche from the IMF. Before the sixth review of the EFF’s (Extended Fund Facility) extended financing program, Ukraine had fulfilled all structural beacons by the end of October and all quantitative performance crit... #EBA #EFFprogram #imf #IMFStructuralBeacons #LoanForUkraine #SupportUkraine
Ukraine expects the IMF to approve a $1.1B loan. “The ongoing IMF mission to Kyiv ends on November 18, with discussions expected to continue virtually after that”, said an IMF resident representative in Ukraine, Priscilla Toffano. The In... #imf #IMFStructuralBeacons #ReformsinUkraine #TaxIncrease
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 quan... #EFFprogram #imf #IMFStructuralBeacons #IMFtranches #ReformsinUkraine
The IMF adds more beacons to Ukraine’s updated memorandum. The National Anti-Corruption Bureau audit was postponed from the end of September to the end of January 2025, and changes to the Criminal Procedure Code were delayed from the end of October 2024 to th... #CustomsUkraine #imf #IMFStructuralBeacons #ReformsinUkraine #Ukrenergo
US Deputy Under Secretary for International Finance Brent Neiman is confident that the IMF will approve a new $1.1B tranche for Ukraine. The IMF approved the tranche’s provision at the working level on September 10, but the Fund’s executive board still needs to give its final approval. “Ukraine has already undergone s... #BrentNeiman #imf #IMFprogramm #IMFStructuralBeacons
Ukraine has fulfilled almost all IMF requirements for the sixth revision of the cooperation program. According to monitoring by the RRR4U consortium, the parties agreed on the successful fifth revision of the current cooperation program in early September. Soon, a decision from the Board of Directors... #imf #IMFStructuralBeacons #NABU #ReformsinUkraine #RRR4U
The IMF agrees to provide Ukraine with another $1.1B, but there are conditions. After the IMF’s Executive Board approves this agreement, Ukraine will receive another $1.1B tranche. As of the end of June, Ukraine has fulfilled all quantitative criteria and structural beacons... #GavinGray #imf #IMFStructuralBeacons #ReformsinUkraine #Ukrenergo
The parliament prepared customs reform at the IMF’s request. Restarting the State Customs Service is one of the IMF’s beacons and a priority for Ukrainian businesses and international partners. It is proposed that customs be reformed by restarting the Bur... #CustomsUkraine #imf #IMFStructuralBeacons #ReformsinUkraine
Ukraine has fulfilled more than 50% of the IMF’s requirements and received $10.2B from the IMF since the beginning of the war. As Minister of Finance, Serhiy Marchenko noted: “The Government of Ukraine, the National Bank of Ukraine, and other authorities have so far implemented 23 structural beacons out of 37 stipulated... #financialaidforUkraine #imf #IMFStructuralBeacons #ReformsinUkraine #SerhiyMarchenko #UkraineBudget2024
Ukraine will receive another $2.2B from the IMF. The Board of Directors of the IMF completed the fourth review of the Extended Fund Facility for Ukraine (EFF), deciding to allocate about $2.2B to budget support. “Despite the difficult conditio... #EFFprogram #financialaidforUkraine #imf #IMFStructuralBeacons #ReformsinUkraine #UkraineEconomy
The IMF has updated its memorandum with Ukraine; most conditions have been met, but new beacons have been added. Ukraine has already fulfilled 23 of the 37 requirements involving reforms and legislation changes. Among them are two new ones: changing the Criminal Procedure Code by the end of October to allow the ... #imf #IMFStructuralBeacons #LegislationUkraine #NABU #PrivatizationUkraine #ReformsinUkraine
Ukraine has fulfilled most IMF and EU structural beacons on time, but there are some delays. During the nine months of the IMF program, requirements have been met for 16 of the IMF’s 23 structural beacons and eight of the 20 conditions under the EU program. The country has neither fulfilled n... #EKrecommendation #imf #IMFStructuralBeacons #ReformsinUkraine
Ukraine has fulfilled its IMF and EU requirements and strengthened control over the expenses of politically exposed persons, and moves toward another beacon. In the second reading, the Ukrainian Parliament supported draft law No. 9296-d on strengthening financial monitoring of politically exposed persons (PEP). The document’s main innovation is that top of... #imf #IMFStructuralBeacons #PEP #ReformsinUkraine
Ukraine has fulfilled another IMF beacon: a reformed GTS Operator. The President of Ukraine, Volodymyr Zelenskyy, signed a law that optimizes the structure of the Gas Transport System Operator of Ukraine (OGTSU). These measures are provided for in a memorandum with t... #IMFStructuralBeacons #ReformsinUkraine #UkrainianGTS #Zelenskyy
Ukraine has fulfilled another IMF beacon: the new Financial Sector Development Strategy. This blueprint for developing the financial sector during the war envisages inflation at a level of less than 15% and possible deviations of the hryvnia to dollar cash rate from the official rate belo... #financeUkraine #imf #IMFStructuralBeacons
Ukraine makes progress on the IMF beacons: the law restricting revisions to the state budget has been signed. President Volodymyr Zelenskyy has signed a law with amendments to the Budget Code to ensure predictability for budget policy and to strengthen debt sustainability. The law’s passage represents t... #IMFStructuralBeacons #ReformsinUkraine #UkraineBudget
The IMF has added four structural benchmarks to the program with Ukraine. These have been added to the updated memorandum, which Ukraine must fulfill to receive the third tranche of aid. Two of them must be completed by the end of September. In particular, the articles of t... #imf #IMFprogramm #IMFStructuralBeacons #ReformsinUkraine
Ukraine has fulfilled three IMF structural beacons. The Cabinet of Ministers submitted to the Parliament a draft of amendments to the Budget Code to ensure the predictability of budget policy and strengthen debt sustainability. It will allow the implem... #BudgetCodeUkraine #IMFprogramm #IMFStructuralBeacons
The Ukrainian government will implement one of the IMF’s structural beacons. The Cabinet of Ministers approved a draft law which will allow the liquidation of the Gas Pipelines of Ukraine (GPU) company in an expedited manner. It will be merged with the Operator of the GTS of U... #IMFprogramm #IMFStructuralBeacons #UkrainianGTS
