December 20, 2022
1 min read

IMF nod for new program to support Ukraine

The programme is aimed at mobilising state budget revenues, strengthening the financial sector, and improving management transparency…reports Asian Lite News

The IMF has approved a new programme for Ukraine to support its macroeconomic and financial stability and catalyse donor financing, the National Bank of Ukraine said.

The four-month Program Monitoring with Board Involvement does not directly provide financial assistance, but creates instruments for transitioning to a new, long-term upper-credit tranche programme of the IMF, the bank said in a statement on Tuesday.

The programme is aimed at mobilising state budget revenues, strengthening the financial sector, and improving management transparency and effectiveness for state-owned enterprises, Xinhua news agency reported.

“Ukraine hopes that the approval of the programme will provide our partners with confidence and optimal conditions to ensure sufficiently rhythmic financial inflows amid high needs of the balance of payments and the state budget,” Andriy Pyshnyy, the Bank’s Governor, was quoted as saying in the statement.

ALSO READ: Will IMF loans to Pakistan continue after cut in fuel prices?

Previous Story

Zelensky visits US today

Next Story

Pakistan in energy saving mode

Latest from -Top News

Trump Targets BRICS Allies with New Tariff

This move coincides with the ongoing BRICS summit being held in Rio de Janeiro, Brazil…reports Asian Lite News US President Donald Trump has announced that an additional 10 per cent tariff will

BRICS Endorses India’s Stand on Terror

The treaty proposed by India within the UN framework aims to provide a comprehensive legal basis for combating terrorism….reports Asian Lite News The leaders’ joint statement, issued after the 17th BRICS summit

BRICS Slams US Tariff Hikes

The leaders criticised developed nations for using environmental issues to justify trade restrictions on developing countries….reports Asian Lite News Rio de Janeiro, July 7 (IANS) Embroiled in a trade war launched by

US Tariffs Pushed to August Amid Talks

In April, Trump announced a base tariff of 10 per cent on most of America’s trading partners and thereafter additional duties ranging up to 50 per cent….reports Asian Lite News US President

Indonesia Joins BRICS Bloc

This year’s BRICS Summit saw an expanded format, reflecting the grouping’s growing relevance in international affairs….reports Asian Lite News Prime Minister Narendra Modi formally welcomed Indonesian President Prabowo Subianto into the BRICS
Go toTop

Don't Miss

Imran Khan Faces IMF Snub

In another setback to Imran Khan, IMF refuses to interfere

IMF seeks more Pak assurances before releasing bailout package

The recent developments are a key step forward in signing