Thursday, October 21, 2021

Ukraine seeks extension of cooperation programme with IMF

Must read

- Advertisement -

Ukraine seeks to extend its cooperation programme with the International Monetary Fund, IMF, which is due to expire in December, the country’s Central Bank Chief, Kyrylo Shevchenko said on Wednesday.

“We consulted the IMF and we expect to extend the programme for six to nine months.

“The extension will allow us to complete all the technical procedures envisaged by the programme, he said.

Ukraine secured an 18-month stand-by programme from the IMF with a total volume of 3.6 billion SDR (about 5 billion U.S. dollars) in June 2020.

Since then, the East European country has received only the first tranche from the programme worth 2.1 billion dollars.

READ ALSO:   Results of 2022 World Cup Qualifiers Europe Zone

The disbursement of the funds was suspended due to Ukraine’s failure to fulfil certain obligations prescribed in the programme.

Xinhua/NAN

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

- Advertisement -
cosgrove