On 11 November, the leadership of the Ministry of Finance of Ukraine, the National Bank of Ukraine and experts from the International Monetary Fund began discussions on the sixth revision of the Extended Fund Facility (EFF) programme.
This is stated on the website of the Ministry of Finance.
Ukraine is represented at the discussions by Minister of Finance Serhiy Marchenko, his First Deputy Minister of Finance Denys Ulyutin, deputies Yuriy Drahanchuk, Olha Zykova, Svitlana Vorobey and Government Commissioner for Public Debt Management Yuriy Butsa.
According to the Ministry of Finance, the IMF mission will continue in Kyiv over the next few days.
By the sixth review, Ukraine has to fulfil four structural milestones
- review pre-war policies and practices of medium-term budget planning;
- assess financial risks to financial stability and prepare an action plan for different scenarios;
- assess the financial condition of district heating companies;
- develop a policy for managing state property in state-owned enterprises, a dividend policy and a privatisation strategy.
If the review is successful, Ukraine will receive a new tranche of $1.1 billion from the IMF.
- So far, the Ukrainian state treasury has received six tranches under the IMF EFF programme totalling about $8.7 billion out of the $15.6 billion envisaged by the programme.