IMF Says Reached Agreement With Ukraine, Paving Way For $900Mln Disbursement

The International Monetary Fund (IMF) said on Tuesday it has reached a staff-level agreement with the Ukrainian authorities, paving the way for $900 million disbursement.

WASHINGTON (UrduPoint News / Sputnik - 30th May, 2023) The International Monetary Fund (IMF) said on Tuesday it has reached a staff-level agreement with the Ukrainian authorities, paving the way for $900 million disbursement.

"The International Monetary Fund (IMF) staff and the Ukrainian authorities have reached staff-level agreement on an updated set of economic and financial policies for the first review under the 4-year Extended Fund Facility (EFF) Arrangement," the statement said.

The staff-level agreement is subject to approval by the IMF Executive board. If approved, it would enable disbursement of about $900 million, it added.