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Reuters
Reuters
Business
By Kieran Murray, Marc Jones and Olena Harmash

IMF approves Ukraine monitoring program to help spur donor financing

FILE PHOTO: Local residents gather near a residential building as a critical power infrastructure object burns after a Russian drone attack, amid Russia's attack on Ukraine, in Kyiv, Ukraine December 19, 2022. REUTERS/Gleb Garanich

The International Monetary Fund has approved a four-month program for Ukraine aimed at maintaining economic stability following Russia's invasion of the country, and helping promote donor financing.

It said the so-called Program Monitoring with Board involvement (PMB) was approved by the IMF's management on Dec. 9 and discussed by its executive board on Monday, adding that it will help Ukraine implement prudent policies and "catalyze" external financing.

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