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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

IMF, Ukraine Reach Staff Level Agreement on $15.6b 'EFF Arrangement'

EFF Ukraine European Union International Monetary Fund
IMF logo / Reuters

The International Monetary Fund announced on Tuesday that it reached with Ukrainian authorities a staff have a staff-level agreement that would be supported by a new 48-month Extended Fund Facility (EFF) Arrangement.

It said the EFF, with requested access of around $15.6 billion aims to support the Ukrainian authorities anchor policies that sustain fiscal, external, price and financial stability, and support the ongoing gradual economic recovery, while promoting long-term growth in the context of post-war reconstruction and Ukraine’s path to EU accession.

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