12.1 C
Delhi
Sunday, December 10, 2023

IMF executives approve 4-month assistance program for Ukraine

Date:

Share post:

Donate-GC-Razorpay

Kiev: The International Monetary Fund’s Executive Board on Tuesday approved Ukraine’s request for a so-called Program Monitoring with Board Involvement (PMB) to help it cover “very large” debt and safeguard domestic market stability.

“The Executive Board of the International Monetary Fund discussed today a Management-approved PMB for Ukraine. This 4-month PMB is designed to help Ukraine maintain stability and catalyze donor financing,” the IMF said in a statement.

The statement also said that the measures included “enhancing revenue mobilization and reviving the domestic debt market,” as well as “preparing a financial sector strategy, and enhancing transparency and governance.”

On Monday, the European Commission announced that it would issue up to $84.8 billion of long-term EU-bonds in the first half of 2023 under the bloc’s unified funding approach to support Ukraine’s economic recovery.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

BSP Amroha MP Danish Ali suspended for ‘anti-party’ activities

On Saturday, December 9, the Bahujan Samaj Party (BSP) suspended its Lok Sabha MP from Amroha, Danish Ali,...

‘Serious misdemeanours call for severe punishment’, says Ethics Committee report as TMC MP Mahua Moitra stands expelled from LS

On Friday, December 8, TMC MP Mahua Moitra was expelled from the Lok Sabha, in the ‘cash-for-query’ case....

RBI keeps repo rate unchanged at 6.5 pc, raises FY24 GDP growth forecast to 7 pc

Mumbai: As widely expected by markets and policy-watchers, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC)...

Centre should withdraw ban on ethanol production- Raju Shetty

Kolhapur: Swabhimani Shetkari Sanghatana (SSS) National president and former MP Raju Shetty on Friday demanded to withdraw the...