The IMF Board approved an 18-month, $5 billion Stand-by Arrangement with Ukraine last night Kyiv time. The first tranche of $2.1 billion should be transferred by this weekend. The rest will come in four installments through December 2021. The Board said in a statement that the conditionalities are “promoting a small set of key structural reforms to guarantee Ukraine’s return to growth after the crisis is over.” Keys are: preserving central bank independence and a free-floating exchange rate.
The IMF Board approved an 18-month, $5 billion Stand-by Arrangement with Ukraine last night Kyiv time.
