IMF Approved 2-Year Stand-By Arrangement for Ukraine
01 May 2014 18:06
On April 30, 2014, The Executive Board of the IMF approved a two-year Stand-By Arrangement (SBA) for Ukraine providing for over US$17 billion that was approved under the Fund's exceptional access policy.
The authorities’ economic program supported by the Fund aims to restore macroeconomic stability, strengthen economic governance and transparency, and launch sound and sustainable economic growth, while protecting the most vulnerable.
The approval of the SBA enables the immediate disbursement of more than US$2 billion. The second and third disbursements will be based on bi-monthly reviews and performance criteria, and the remainder of the program period will be subject to standard quarterly reviews and performance criteria.
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