The IMF has announced a staff-level accord with Ukrainian officials regarding approval of a 48-month program under the Extended Fund Facility (EFF), which would provide approximately $8.2B. This initiative is designed to facilitate significant external support to address Ukraine’s financial requirements. Under current projections, the total financing shortfall for 2026-2029 stands at approximately $136.5B, including a $63B deficit that is anticipated over the next two years. The proposed agreement comprises a comprehensive set of fiscal, monetary, and structural policies aimed at supporting economic stabilization amid ongoing conflict. The funding initiatives principal objectives include maintaining macro-financial stability and managing inflation; restoring public debt sustainability; strengthening external solvency and ensuring sufficient international reserves; modernizing the tax system by broadening the tax base and combating avoidance schemes; advancing transparency and anti-corruption measures across tax, customs, and judicial sectors; improving corporate governance within state-owned enterprises such as Naftogaz, Ukrzaliznytsia, and Ukrenergo; and optimizing the management of public investments and budget efficiency. Final approval from the IMF board will be contingent upon Kyiv’s implementation of spending reduction measures, notably the elimination of several tax exemptions for businesses and households. Additionally, authorization depends upon the EU allocating frozen Russian assets for Ukraine’s funding needs.https://ubn.news/ukraine-and-the-imf-have-reached-a-provisional-agreement-on-a-four-year-financing-initiative-valued-at-8-2b/ (ICE KIEV)

Fonte notizia: UBN News