This is the second active IMF program in the world with similar amounts of funding.
Ukraine hopes to sign a new large-scale program with the International Monetary Fund by the end of the year. This will help to strengthen the Ukrainian economy, which is overcoming the challenges caused by Russia's full-scale war against Ukraine.
This was stated in an interview with the international news agency Reuters said the Chairman of the National Bank of Ukraine Kyrylo Shevchenko.
According to him, consultations of Ukraine with the IMF regarding the new program are ongoing, the volume of financing under which can be up to 20 billion dollars. USA.
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The corresponding program for Ukraine, if implemented, will become the second largest IMF program with a similar level of funding (after Argentina).
“I hope to start the program this year. The International Monetary Fund has always been and is a reliable partner of Ukraine,” Kyrylo Shevchenko emphasized.
The new program will include measures to help stabilize the economy, which could ensure a return to pre-war economic policies such as a flexible exchange rate, currency market liberalization and a balanced fiscal policy.
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Also, the head of the NBU confirmed that the agreement on the export of Ukrainian grain signed last week can provide a certain increase in foreign exchange earnings from exports this year, and therefore will have a positive effect on the hryvnia exchange rate. At the same time, a significant increase in the volume of deliveries and revenue will take place next year. restoration of the housing stock and housing and communal services. Taking into account modernization, this will require at least $375 billion.
