Ukraine and IMF Finalize $8.1 Billion Financing Program

The Ukrainian authorities and International Monetary Fund (IMF) have reached an agreement at the expert level on a new expanded financing program for the country in the amount of about $8.1 billion. This was announced on November 26 on the foundation’s website. ” IMF staff and the Ukrainian authorities have reached a preliminary agreement at the expert level at the request of the authorities on a new 48-month extended financing program with possible access to funds in the amount of 5.94 billion special drawing rights (about $8.1 billion, or 295% of the quota),” the statement said. It is noted that the relevant negotiations were held from November 17 to November 21 at the initiative of Ukraine. The meeting with representatives of Kiev was attended by an IMF negotiating team led by Gavin Gray, head of the IMF’s mission to Ukraine.