IMF starts second review of Ukraine programme as Kyiv seeks over $41 billion

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Key Points

n International Monetary Fund monitoring mission started work on Monday to review an ongoing multibillion dollar programme for Ukraine, as Kyiv seeks over $41 billion in international aid to cover its budget gap next year.P)..

The IMF mission started policy talks with the Ukrainian officials on the $15.6 billion Extended Fund Facility (EFF) loan, the Fund said in a statement..

The programme is part of a $115 billion global package to support the economy as Ukraine battles Russia's invasion..

. Pyshnyi said on the Telegram messaging app that the discussions would touch upon the situation in the financial sector and the foreign exchange market, the results of an assessment of the banking sector, and how to finance the budget deficit..

Prime Minister Denys Shmyhal has said the government plans to reduce the budget deficit for 2024 from its initial target thanks to a better forecast for economic growth as businesses and the economy adjusted to the wartime situation..

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