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Reuters
Reuters
Business

IMF, Ukraine reach staff-level deal, paving way for full loan talks

Ukraine International Monetary Fund European Union Fund Economy Kyiv
FILE PHOTO: Ukraine's President Volodymyr Zelenskiy speaks with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva via videolink, as Russia's attack on Ukraine continues, in Kyiv, Ukraine May 20, 2022. Ukrainian Presidential Press Service/Handout via REUTERS

The International Monetary Fund on Friday said it reached a staff-level agreement with Ukraine, setting the stage for talks on a full loan program that would support Kyiv's economy and its bid to join the European Union.

The IMF said the agreement on the first and final review of a Program Monitoring with Board Involvement (PMB) was subject to IMF management approval and showed positive results.

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