{"id":20894,"date":"2022-09-19T19:02:55","date_gmt":"2022-09-19T16:02:55","guid":{"rendered":"https:\/\/ces.org.ua\/?p=20894"},"modified":"2025-05-12T17:57:39","modified_gmt":"2025-05-12T14:57:39","slug":"what-is-the-deal-between-the-ukrainian-government-and-the-imf","status":"publish","type":"post","link":"https:\/\/ces.org.ua\/en\/what-is-the-deal-between-the-ukrainian-government-and-the-imf\/","title":{"rendered":"What is the deal between the Ukrainian government and the IMF?"},"content":{"rendered":"

The government should agree with the IMF on a long-term, high-volume funding program. This definition fits the Extended Fund Facility (EFF) program, which provides exceptional access to the Fund’s resources.<\/span><\/p>\n

“For example, a program for USD 20 billion with a longer repayment period and a larger amount than the EFF program but without exceptional access,” said Hlib Vyshlinsky, director of the Centre for Economic Strategy.<\/span><\/p>\n

According to him, the problem with exceptional access (as for Argentina or Greece) is that it requires debt sustainability analysis. The expert said that this analysis is based on a medium-term macroeconomic forecast, which cannot be accurately made for Ukraine due to the unclear outcome of the war.<\/span><\/p>\n

“The IMF program is needed primarily for purely financial reasons. Until the end of the war, Ukraine needs to finance USD 4-5 billion of its deficit every month, moreover, in foreign currency, in order to simultaneously close the balance of payments deficit and maintain the NBU’s foreign currency reserves,” Vyshlinsky said.<\/span><\/p>\n

The article was published in Ukrainian<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government should agree with the IMF on a long-term, high-volume funding program. This definition fits the Extended Fund Facility (EFF) program, which provides exceptional access to the Fund’s resources. “For example, a program for USD 20 billion with a longer repayment period and a larger amount than the EFF program but without exceptional access,” […]<\/p>\n","protected":false},"author":1,"featured_media":20895,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[149],"tags":[],"experts":[170],"news_type":[179],"class_list":["post-20894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs-en","experts-hlib-vyshlinsky-en","news_type-blog-type"],"acf":[],"_links":{"self":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/20894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/comments?post=20894"}],"version-history":[{"count":1,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/20894\/revisions"}],"predecessor-version":[{"id":33821,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/20894\/revisions\/33821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media\/20895"}],"wp:attachment":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media?parent=20894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/categories?post=20894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/tags?post=20894"},{"taxonomy":"experts","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/experts?post=20894"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/news_type?post=20894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}