An International Monetary Fund mission has begun work in Ukraine on launching a new Extended Fund Facility (EFF) programme.

Source: IMF statement

Quote: "An IMF mission led by Gavin Gray has today begun discussions with the Ukrainian authorities in the context of their request to initiate a new Extended Fund Facility (EFF) programme."

Details: The discussions will focus on the government's economic policy, with an emphasis on tax and monetary policy aimed at ensuring stability amid ongoing extremely high uncertainty, as well as on structural measures to strengthen governance, combat corruption and support economic growth.

Background: The National Bank of Ukraine is facing pressure from the International Monetary Fund regarding the devaluation of the hryvnia.

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