Kiev and the IMF agreed on a new program

Киев и МВФ договорились о новой программе

The new document will replace the agreement under the EFF, approved in March 2015 and will expire in March 2019.

The international monetary Fund (IMF) and the Ukrainian authorities agreed on the economic policy of a new 14-month stand-by agreement This is stated in the statement of the Fund posted on the website on Friday evening, October 19.

According to the report, the new document will replace the agreement under the EFF, approved in March 2015,and its validity will expire in March 2019.

“New SBA with the requested access to SDR 2.8 billion (equivalent to $ 3.9 billion.) will serve as a basis for economic policy of the authorities in 2019,” said the Fund.

The new agreement still must be approved by the IMF Executive Board is expected in the next year after approval by the Verkhovna Rada the state budget for 2019 in accordance with the recommendations of the IMF.

Earlier today, the Cabinet at an extraordinary meeting adopted a decision to increase gas prices for the population is 23.5%, which was one of the conditions of receiving the next tranche from the IMF.

We will note, Ukraine is the second year expects the fifth tranche of the IMF. The national Bank relies on the decision of the IMF tranche before end of the year.


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