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IMF team to begin meeting officials in Ukraine

Representational picture. Reuters File

The Worldwide Financial Fund’s nation consultant in Ukraine, Vahram Stepanyan, mentioned on Sunday that discussions with authorities officers and others in Ukraine will start on Sunday to debate coverage objectives and issues.

Ukraine’s financial system has suffered considerably since Russia began a full-fledged invasion in February 2022, and the federal government has relied largely on Western funding to fund social and humanitarian expenditures.

The IMF said final week that its mission had started its second analysis of the nation’s $15.6 billion multi-year mortgage programme.

The Kyiv venture is a part of a $115 billion worldwide bundle to bolster Ukraine’s financial system whereas it fights Russia’s invading armies.

“An IMF team, led by Uma Ramakrishnan, Deputy Director of the Fund’s European Department, starts meetings today in Kyiv with the Ukrainian authorities and other stakeholders,” Stepanyan mentioned in an announcement.

“The high-level engagement will focus on policy goals and challenges in the context of Ukraine’s program supported by the IMF Extended Fund Facility (EFF) Arrangement.”

The federal government in Kyiv has mentioned that Ukrainian companies have adjusted to the brand new wartime actuality and that the financial system has been recovering extra shortly than anticipated this 12 months.

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