IMF mission continues its work on Ukraine SBA review

No additional information is available so far.

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The mission of the International Monetary Fund, operating in conference mode, is to continue its work on reviewing the Stand-By Arrangement for Ukraine.

That's according to IMF spokesman Gerry Rice who spoke at a briefing on February 4.

He noted that no additional information was available at the moment, adding that the official communication in this regard would follow.

Read alsoG7 envoys, IMF representative discuss situation in UkraineUkraine and IMF: Background

On June 9, 2020, the IMF's Executive Board adopted an 18-month Stand-By Arrangement for Ukraine with funding equivalent to SDR 3.6 billion (about US$5 billion) aimed at helping Ukraine overcome the consequences of the COVID-19 pandemic.

On June 12, Ukraine received the first tranche of the IMF loan under the SBA worth US$2.1 billion.

In late November, the Finance Ministry reported on the successful completion of talks with the IMF on the benchmarks of the draft 2021 budget, which was one of the major prerequisites for starting the IMF to start the SBA review.

On January 11, 2021, the IMF mission resumed its work in Kyiv.

Ukrainian Finance Minister Serhiy Marchenko has said the mission had extended its work in Ukraine for another seven to ten days.

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