WASHINGTON (Pakistan Point News / Sputnik - 22nd May, 2020) The International Monetary Fund (IMF) said in a statement that it has reached an staff-level agreement with Ukraine on economic policies for a new 18-month Stand-By Arrangement with a requested access to $5 billion.
"The International Monetary Fund staff and the Ukrainian authorities have reached staff-level agreement on economic policies for a new 18-month Stand-By Arrangement (SBA)," the statement said on Thursday.
The IMF said the new SBA, with a requested access of $5 billion, "aims to provide balance of payments and budget support to help the authorities address the effects of the COVID-19 shock, while consolidating achievements to date, and moving forward on important structural reforms to reduce key vulnerabilities."
