IMF and Ukraine reach staff-level agreement on $15.6 billion in financial assistance

International Monetary Fund's press service reported this.

This assistance is designed for four years.

The funds will be used to support Ukraine in fiscal, external, price, and financial stability, as well as to support a gradual economic recovery while promoting long-term growth in the context of post-war reconstruction and Ukraine's path to the EU.

The programme will be divided into two phases: the first, aimed at maintaining stability and lasting 12-18 months, and the second, with major structural reforms, aimed at growth and European integration.

"The staff-level agreement reflects the IMF's continued commitment to support Ukraine and is expected to help mobilise large-scale concessional financing from Ukraine's international donors and partners over the duration of the programme," the statement said.