The IMF Executive Board discussed Program Monitoring with Board involvement (PMB) for Ukraine. It is designed to help Ukraine maintain stability and catalyze donor financing.
“The 4-month PMB, which has been approved by IMF Management, is designed to help Ukraine maintain stability and catalyze donor financing amid very large balance of payment needs and exceptionally high risks,” reads the IMF’s press release.
Key measures under the PMB include enhancing revenue mobilization and reviving the domestic debt market, preparing a financial sector strategy, and enhancing transparency and governance.
Although the program does not provide for the allocation of new tranches, it will contribute to attracting funding from other international donors in 2023. (Ukrinform/Business World Magazine)
