Ukraine attracted about USD 2.2 billion from the IMF under the Extended Fund Facility Arrangement

The State Budget of Ukraine received the fifth tranche of about USD 2.2 billion (SDR 1.7 billion) from the International Monetary Fund under the four-year Extended Fund Facility (EFF) Arrangement. 

On June 28, the Executive Board of the Fund approved the fourth review of the EFF Arrangement.

"Over the 14 months of the Extended Fund Facility Arrangement operation, Ukraine has successfully completed four reviews, which has allowed us to attract about USD 7.6 billion out of the USD 15.6 billion provided by the EFF. We continue to work actively on the implementation of the jointly defined reforms under the Arrangement, which contributes to macro-financial stability and creates conditions for further recovery and development of Ukraine's economy on the path to EU accession," said Minister of Finance of Ukraine Sergii Marchenko. 

The following measures that Ukraine will have to implement for the fifth review are set out in the joint Memorandum of Economic and Financial Policies between Ukraine and the IMF. In particular, this includes the ongoing structural reforms in public finance, the financial sector, monetary and exchange rate policy, governance, anti-corruption, and the energy sector.