According to the head of the NBU, Andriy Pyshnyi, implementing the IMF program will provide financial assistance of $15.6B and be critical for obtaining $115B in financing from partners over the next four years.
He explained that the peculiarity of the current IMF program is not that it was adopted for the country in conditions of uncertainty (war) but because, in addition to Ukraine’s obligations, Ukraine’s partners have obligations as well.
The second revision of the IMF program should be completed sometime in December, the chairman of the National Bank expects. If it is successful, Ukraine will receive a tranche of $900M, and the IMF’s total funding will increase to $4.5B in 2023.
Pyshnyi believes that despite several problems in implementing the program, the issue of business inspections, and the law on Political Exposed Persons (PEP), Ukraine is in good shape, though not in an ideal situation.