The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
Edit post

IMF delegation arrives in Kyiv for talks with Ukrainian officials

by Dinara Khalilova and The Kyiv Independent news desk February 12, 2024 10:58 AM 2 min read
The seal of the International Monetary Fund (IMF) is seen outside of a headquarters building in Washington, DC on April 7, 2021. (Mandel Ngan/AFP via Getty Images)
This audio is created with AI assistance

A delegation of the International Monetary Fund (IMF) arrived in Kyiv for talks with Ukrainian authorities and other stakeholders on strengthening Ukraine's financial capabilities, Vahram Stepanyan, the fund's resident representative to Ukraine, said on Feb. 12.

An IMF team led by Uma Ramakrishnan, the deputy director of the Fund's European Department, will start the talks with a focus on the authorities' economic objectives and the challenges facing the Ukrainian economy, according to Stepanyan.

The team will also reportedly participate in the inaugural meeting of the Steering Committee of the IMF's Ukraine Capacity Development Fund (UCDF) on Feb. 13.

This meeting will gather Ukrainian authorities, development partners, and IMF staff to discuss Ukraine's capacity development priorities and IMF support in this area, Stepanyan said in a statement.

Following these meetings, an IMF mission led by Gavin Gray will begin policy talks with the Ukrainian authorities in Warsaw on Feb. 17 on the third review of the Extended Fund Facility (EFF) Arrangement, added Stepanyan.

The EFF is a four-year funding agreement that will allow Ukraine to access $15.6 billion in financial aid in regular installments.

In December 2023, the IMF authorized the disbursement of another $900 million tranche of funding for Ukraine under the EFF following approval of the second review of the agreement.

The EFF funds are meant to lend Ukraine stability amid the disruptions of war, support the country's postwar recovery, and promote economic growth as Ukraine moves forward on the path to EU membership.

‘We can’t wait for peace:’ Reluctant at first, Denmark takes on rebuilding war-torn Mykolaiv Oblast
When President Volodymyr Zelensky announced to the Danish Parliament last March that Ukraine wanted the Nordic country to rebuild the war-torn southern Mykolaiv Oblast, it was the first the Danes had heard of it. Not only was the president’s plan to assign Ukrainian regions to allied countries for…

News Feed

7:21 PM  (Updated: )

Trump says 'nobody is asking' Ukraine to recognize Crimea as Russian.

"Nobody is asking (President Volodymyr) Zelensky to recognize Crimea as Russian Territory, but if he wants Crimea, why didn’t they fight for it eleven years ago when it was handed over to Russia without a shot being fired?" U.S. President Donald Trump wrote.
8:06 AM  (Updated: )

Zelensky visits South Africa but cuts trip short after mass Russian strike.

"We count on South Africa’s meaningful participation in the International Coalition for the return of thousands of Ukrainian children abducted by Russia. We will also certainly strengthen our cultural and educational ties," President Volodymyr Zelensky said.
5:30 AM

Trump says he may meet Putin 'shortly' after May Middle East visit.

Despite ongoing ceasefire negotiations, Trump and Putin have yet to have direct contact, communicating only through their officials. Trump's last in-person encounter with his Russian counterpart was during the 2018 Helsinki Summit during the U.S. president's first term.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.