IMF may finally approve financing program for Ukraine worth more than $15 billion on March 31

This is stated in the schedule of the IMF's governing body, Ukrinform reports.

In particular, the document states that the meeting on March 31 will be dedicated to Ukraine and will be titled: "Request for an Extended Fund Facility (EFF) and Review of the Results of the Monitoring Program with the Participation of the Board."

• Last week, representatives of the IMF and the Ukrainian authorities announced that they had reached a staff-level agreement on the approval of an Extended Fund Facility (EFF) program for Ukraine. The financing is expected to support the Ukrainian authorities and consolidate policies that support fiscal, external, price and financial stability. In addition, the program is expected to contribute to Ukraine's long-term growth during the post-war reconstruction phase and on its path to EU accession. It is meant to last for four years and will be implemented in two phases. To launch this instrument, a decision of the IMF Executive Board is required.

• Lithuania joined the IMF program to help Ukraine for $15.6 billion.