“Fewer requirements”: the national Bank spoke about the new IMF program for Ukraine

Smoliy assured that funding will be enough to eliminate one of the major risks for the economy

The program of the International monetary Fund (IMF) stand-by, which pre-agreed Ukrainewould be less demanding than the EFF program, which was discussed earlier. This was announced by the head of the National Bank of Ukraine (NBU) Yakov Smoliy.

“The new programme of cooperation with the IMF stand-by – less demanding, but the same amount of funding in 2020-2021 years, like the EFF,” wrote Smoliy on his Twitter page.

The head of the NBU also said that the program “will eliminate one of the key risks to macro-financial stability.” The program must be approved by the Board of Directors of the IMF.