Ukraine plans to receive three IMF tranches worth USD 4.5 billion
Source: Ukraine’s finance ministry
In 2024, Ukraine expects to attract three more tranches of $4.5 billion under the IMF’s Extended Fund Facility program.
The Ministry of Finance of Ukraine held a working meeting with the leadership of the European Department of the International Monetary Fund and the IMF mission in Ukraine.
In addition to budgetary issues, including the implementation of the 2024 Budget and preparation for the 2025 budget process, the parties discussed preparations for the fourth revision of the IMF’s Extended Fund Facility program.
The total amount of the EFF program for 2023-2027 is USD 15.6 billion.The EFF is part of the package of international support for Ukraine, which currently amounts to about 122 billion US dollars.
First Deputy Minister of Finance Denys Uliutin expressed gratitude to the IMF for its timely support to Ukraine from the first days of the full-scale invasion and emphasized the importance of the continued functioning of the EFF program.
Amendments to Ukraine’s enforcement proceedings legislation, initiated by the Ministry of Justice of Ukraine, have entered into force. Among other measures, the reform provides for the automated lifting of attachments on bank accounts immediately after debts in enforcement proceedings have been fully settled. The main practical benefit for citizens is the complete elimination of the need to contact an enforcement officer in person and wait for paper decisions once the debt has been paid.
The 157th Separate Mechanized Brigade has received another batch of supplies as part of Rinat Akhmetov’s Steel Front military initiative. This time, the military received seven quad bikes and four mobile shower and bath units.
In my previous column, I wrote about social innovations in Ukraine. Those innovations are part of civic resilience and the democratization of security, which Europe is paying close attention to right now. The EU is trying to work out how to spread responsibility for its own security across society as a whole, rather than leaving it to institutions alone. It is looking for concrete ways to bring ordinary people into the work of defense and resistance.
Petro Poroshenko’s lawyers have appealed to the High Anti-Corruption Court demanding that NABU be obligated to register proceedings regarding the fact of exerting influence on the court and to recognize Petro Poroshenko as a victim in the case of the Deputy Head of the Office of the President, Iryna Mudra, due to her pressure on Supreme Court judges who were considering a lawsuit to overturn sanctions.
Internationally recognized brands and financial institutions should direct capital to Ukraine now, not waiting for the hostilities to end. This was emphasized by Rinat Akhmetov, president of FC Shakhtar, during a working visit to UEFA headquarters in Nyon, Switzerland, where he met with UEFA President Aleksander Čeferin.