Ukraine to receive 1.1 billion from IMF
Source: Denys Shmyhal/Telegram
Ukraine has reached a preliminary agreement with the International Monetary Fund, IMF, that will see the war-torn country receive a financial aid package of $1.1 billion as part of the Extended Fund Facility program, according to Ukraine’s prime mininster Denys Shmyhal.
Breaking the news on his Telegram channel, the prime minister said ‘the country continues its major reforms and the international partners are lending their support along the way”
The deal was reached after the IMF Mission visit to Kyiv earlier this month.
“The war in Ukraine continues to have a devastating impact on the country and its people,” said Gavin Gray, head of the IMF monitoring mission in Kyiv for the program’s review. Notably, this was the IMF’s first full-fledged mission in Kyiv since the start of the full-scale invasion.
The institution plays a crucial role as Ukraine’s key international creditor, and the four-year $15.6 billion EFF program is a central part of a broader global financial support package for Ukraine.
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.