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IMF, Ukraine reach staff level agreement on program monitoring with board involvement
KYIV. Nov 23 (Interfax-Ukraine) – The mission of the International Monetary Fund (IMF) and the Ukrainian authorities have reached staff-level agreement on economic policies for a Program Monitoring with Board Involvement (PMB), the head of the IMF mission, Gavin Gray, said summing up the mission’s work on November 11-22.
"The agreement is subject to approval by IMF Management and an IMF Executive Board discussion is expected in the coming weeks. The PMB will help provide an anchor for macroeconomic policies and catalyze donor support," he said.
Strong policy implementation would help pave the way towards a full-fledged IMF-supported program, the head of the mission said.
