The International Monetary Fund on Friday announced a staff-level agreement with Ukraine on updated economic and financial policies, paving the way for a $900 million disbursement from its $15.6 billion lending program once approved by the board. According to Reuters, the global lender said its executive board was expected to consider the agreement in coming weeks.
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The International Monetary Fund has upgraded its growth forecast for Ukraine's economy in 2023 to 4.5% from 1-3%, as it continues to show remarkable resilience and recent economic developments point to a stronger-than-expected economic recovery.
The International Monetary Fund (IMF) staff and the Ukrainian authorities have reached a staff level agreement (SLA) on an updated list of economic and financial policies for the second review of the four-year Extended Fund Facility, the fund said in a statement on Saturday night.