Ukraine, IMF reach staff-level agreement on new SBA for $3.9 bln
The International Monetary Fund (IMF) staff and the Ukrainian authorities have reached agreement on economic policies for a new 14-month Stand-By Arrangement (SBA), which will replace the arrangement under the Extended Fund Facility (EFF), approved in March 2015 and set to expire in March 2020.
"The new SBA, with a requested access of SDR 2.8 billion (equivalent to $3.9 billion), will provide an anchor for the authorities' economic policies during 2019," the IMF said in a statement on Friday.
According to the statement, the agreement is subject to IMF management approval and approval by the IMF Executive Board. Board consideration is expected later in the year following parliamentary approval of a government budget for 2019 consistent with IMF staff recommendations and an increase in household gas and heating tariffs to reflect market developments while continuing to protect low-income households.
Advertising
Advertising
MORE ABOUT
Ukraine, Israel on same side against partnership between Russia and Iran – Yermak
18:57, 19.04.2024
UK committs nearly GBP 150 mln to bolster Ukraine's energy sector
11:58, 19.04.2024
Ukraine focuses on dialog and cooperation, not on introducing restrictions on trade with Poland – Ministry of Agrarian Policy
17:16, 16.04.2024
Ukraine's Finance Minister holds number of meetings within World Bank-IMF Spring Meetings in Washington
09:28, 16.04.2024
SBU denies info about appeal against Maliuk's arrest in absentia in Russian court
20:59, 15.04.2024
LATEST
Banking network, after growing in Q4 2023, narrows again in Q1 2024 – NBU
20:37, 19.04.2024
EIB developing energy-efficient housing restoration program for Ukraine with EUR 230 mln budget
16:45, 19.04.2024
Ukraine to receive EUR 560 mln from EIB for energy, housing rehabilitation projects
15:03, 19.04.2024
Ministry of Health in 2023 reduces number of drugs purchased through MAA mechanism - Sanofi
13:22, 19.04.2024
Ukrnafta will reduce electricity consumption at its filling stations