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The International Monetary Fund will continue to interact with the Ukrainian authorities in the coming weeks in preparation for the second review of the EFF program, generally assessing its implementation positively, said Uma Ramakrishnan, Deputy Director of the Fund’s European Department.
The International Monetary Fund will continue to interact with the Ukrainian authorities in the coming weeks in preparation for the second review of the EFF program, generally assessing its implementation positively, and expects a positive decision on the review in the first half of December if the agreements are implemented.
Ukraine s economy has been hit hard since Russia launched a full-scale invasion in February 2022, and the government has relied heavily on Western aid to finance social and humanitarian payments. The IMF said last week its mission had begun its second review of a $15.6 billion multi-year loan program for the country.