The International Monetary Fund team in Washington, D.C., led by Ms. Ivanna Vladkova Hollar, concluded remote discussions with Ukrainian authorities on May 21 and reached a staff-level agreement for 18 months on a $ 5 billion Stand-By Arrangement (SBA). .
The new program should provide budget support to help the Ukrainian authorities overcome the effects of COVID-19 and move forward with important structural reforms. It is also expected that this agreement expected to catalyze further multilateral financial support.
We want to remind, May 21, the president of Ukraine Vladimir Zelensky signed the "anti-Kolomoyskiy" law. The signing of this law was the main requirement of the IMF for further cooperation.