Ukraine’s central bank expects two-stage program with IMF

9 March, 02:46 PM
The IMF is negotiating a new program for Ukraine (Photo:REUTERS / Yuri Gripas)

The IMF is negotiating a new program for Ukraine (Photo:REUTERS / Yuri Gripas)

The National Bank of Ukraine (NBU) expects its International Monetary Fund (IMF) program will have two stages, during the war, and after it ends, and will last four years, the regulator reported via Telegram on March 8.

“We expect that the Extended Credit Facility (ECF) will be clearly structured into two stages, military and post-war, and will last four years,” reads the report.

The program will be based on the continuation of Ukraine’s European integration, especially in bringing national legislation in line with EU standards and regulations.

Video of day

Ukraine’s obligations will relate to monetary policy, budgeting, tax policy, effective functioning of the domestic debt market, and ensuring price and financial stability.

Representatives from the IMF and Ukraine began discussions on March 8. The Ukrainian delegation includes representatives from the National Bank, Finance Ministry, and other agencies.

We’re bringing the voice of Ukraine to the world. Support us with a one-time donation, or become a Patron!

Follow us on Twitter, Facebook and Google News

Ukraine Today
Fresh daily newsletter covering the top headlines and developments in Ukraine
Daily at 9am EST
Show more news