IMF Ukraine mission begins EFF program review
The International Monetary Fund (IMF) mission in Kyiv has started the fifth review of the Extended Fund Facility (EFF) program, which could allow Ukraine to secure $1.1 billion in loans this year, Ukrainian PM Denys Shmyhal announced on Sept. 2.
Shmyhal discussed the review with Alfred Kammer, IMF's European Department Director.
“We discussed the implementation of reforms and the achievement of structural benchmarks,” Shmyhal said in a Telegram post.
“We noted significant progress in this area. Ukraine is working systematically with partners to ensure macro-financial stability. In particular, we are successfully implementing the EU's Ukraine Facility program, valued at EUR 50 billion [$55 billion].”
The officials also discussed the issue of confiscating frozen Russian assets to support Ukraine.
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