MF and Ukrainian Authorities Reach Staff Level Agreement on the Newest EFF Arrangement

The International Monetary Fund (IMF) staff and Ukrainian authorities have reached a staff-level agreement on the fourth review of Ukraine's 4-year Extended Fund Facility (EFF) Arrangement. Subject to IMF Executive Board approval, Ukraine will have access to approximately $2.2 billion.

The review confirmed that all quantitative performance criteria were met, with minor delays in some structural benchmarks. Discussions focused on sustaining macroeconomic stability and advancing economic reforms amid ongoing war-related challenges.

Despite the war's impact, Ukraine's economy showed resilient growth and disinflation in early 2024. However, risks remain high with a challenging outlook for the rest of the year. The EFF, part of a larger $122 billion support package, continues to anchor Ukraine's economic program during these uncertain times.

(WBJ)