According to Uma Ramakrishnan, Deputy Director of the European Department of the IMF, the IMF will continue interacting with the Ukrainian authorities in the coming weeks for the second review of the EFF’s extended financing program.
“Our overall assessment is that the program continues to perform well,” she said.
Ramakrishnan noted that several short-term priorities are being implemented, including the passage of the budget and some government measures. According to her, the resumption of the IMF’s permanent representation in Ukraine this week will help expand and deepen interaction with various stakeholders.
The four-year EFF program was approved on March 31 this year, and the first tranche of $2.7B was allocated in April. The planned schedule of the program provides the allocation of three more tranches of $873M to Ukraine. Kyiv should receive the third and fourth tranches in October and in February next year when Ukraine’s fulfillment of its commitments is assessed.