The Ukrainian delegation that participated in the annual spring meetings of the International Monetary Fund and the World Bank Group has recently returned from Washington.

Prior to that, the IMF had approved a four-year Extended Fund Facility (EFF) for Ukraine worth USD 15.6 billion. Ukrainian officials, therefore, were not going to the US to ask for money, but to discuss concrete ways to implement their promises.

The head of the National Bank of Ukraine, Andrii Pyshnyi, says that the importance of the new IMF programme for Ukraine cannot be overstated – and not only because it has opened up access to an unprecedented USD 115 billion in total funding.

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