The IMF approves Ukraine’s monitoring program.

Based on macroeconomic parameters agreed upon with the IMF, the four-month monitoring program will outline the direction for the fiscal and monetary policies of the Government of Ukraine and the National Bank to maintain economic stability. The program is aimed at increasing tax revenues and revitalizing the domestic borrowing market, ensuring the financial sector’s long-term stability, curbing monetary financing, as well as improving public administration and transparency of state institutions, the Ministry of Finance reported. With the participation of the IMF Board of Directors, the program will help catalyze donors’ financing and bring the country closer to launching a new long-term program of expanded IMF financing.