Ukraine signed the next memorandum with the IMF

Ukraine signed the next memorandum with the IMF

In a memorandum with the IMF Ukraine pledged to vaccinate 17 million citizens until the end of 2021. The relevant document was published by the Ministry of Finance, reports UNN.

 

"Recognizing that vaccination efforts are key to supporting economic recovery, we have ensured an adequate stockpile of vaccines and aim to vaccinate at least 17 million people by the end of 2021," the statement said.

 

Also in the memorandum with the IMF, Ukraine pledged to complete the audit of 13.3 billion hryvnia, which were allocated from the "covid" fund for the construction of roads by the end of this year.

 

It is noted that the balance of payments and budget support under the Stand-By Arrangement (SBA) tranche provided a significant increase in reserves, and allowed Ukraine to implement a package of fiscal measures aimed at refocusing spending on health care and social support, as well as increasing public investment in road construction to create jobs and offset weak private sector activity.

 

"We have referred 212 cases to law enforcement and are committed to cooperating fully with any potential criminal investigations into COVID-19-related spending, including by providing access to evidence gathered as part of the audit process," the document reads.

 

Recall that the Executive Board of the International Monetary Fund made a positive decision this week to allocate the next tranche to Ukraine under the Stand-By program.

 

Completion of the revision allowed Ukraine to receive about $699 million (500 million SDR), making the total payments under the current deal about $2.8 billion (2 billion SDR).





In a memorandum with the IMF Ukraine pledged to vaccinate 17 million citizens until the end of 2021. The relevant document was published by the Ministry of Finance, reports UNN.

 

"Recognizing that vaccination efforts are key to supporting economic recovery, we have ensured an adequate stockpile of vaccines and aim to vaccinate at least 17 million people by the end of 2021," the statement said.

 

Also in the memorandum with the IMF, Ukraine pledged to complete the audit of 13.3 billion hryvnia, which were allocated from the "covid" fund for the construction of roads by the end of this year.

 

It is noted that the balance of payments and budget support under the Stand-By Arrangement (SBA) tranche provided a significant increase in reserves, and allowed Ukraine to implement a package of fiscal measures aimed at refocusing spending on health care and social support, as well as increasing public investment in road construction to create jobs and offset weak private sector activity.

 

"We have referred 212 cases to law enforcement and are committed to cooperating fully with any potential criminal investigations into COVID-19-related spending, including by providing access to evidence gathered as part of the audit process," the document reads.

 

Recall that the Executive Board of the International Monetary Fund made a positive decision this week to allocate the next tranche to Ukraine under the Stand-By program.

 

Completion of the revision allowed Ukraine to receive about $699 million (500 million SDR), making the total payments under the current deal about $2.8 billion (2 billion SDR).