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Ukraine’s issue is included in the agenda of IMF Executive Board meeting

Managing Director of the IMF Kristalina Georgieva. Photo: IMF

Managing Director of the IMF Kristalina Georgieva. Photo: IMF

The IMF Executive Board will address the matter related to the first revision of the Stand-by program for Ukraine on November 22. The relevant information has appeared on the IMF website.

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Recall that on October 18 it became known that Ukraine and the IMF had reached a Staff-Level Agreement on the revision of the Stand-by program.

In case of the IMF Council positive decision, Ukraine will get a tranche of the loan in the amount of about $700 million.

Also, the Stand-by program can be extended for several months. Under the terms of the current agreement, it expires in December this year.

Additionally. On August 24, Ukraine got 1.9 billion SDRs (Special Drawing Rights), or about $2.69 billion in equivalent from the International Monetary Fund.

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