Stand-by from the IMF in Ukraine

by Olha Povaliaieva
Friday, September 24, 2021
Stand-by from the IMF in Ukraine

The next stage of the IMF mission in Ukraine started on September 21

According to the representative of the International Monetary Fund in Ukraine Vahram Stepanyan, the virtual work of the fund this September will be carried out regarding the first revision of the stand-by program.

"The IMF mission headed by Ivanna Vladkova-Gollar begins its work today and will continue discussions with the Ukrainian authorities on the first revision of the IMF-supported program," Stepanyan commented.

According to the prime minister of Ukraine Denys Shmygal, the second tranche from the IMF will amount to $750 million. Since Ukraine has fulfilled all the Stand-by conditions, the estimated period for receiving the tranche is November-December 2021.

The total approved volume of investments from the IMF is $5 billion. The first tranche of $2,1 billion has already been paid. The remaining four planned tranches will be allocated after each of the four revisions of Ukraine's compliance with the Stand-by conditions.

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