IMF will allocate 8.1 billion dollars to Ukraine: what the new program entails

During the meeting of the NBU Board with the leaders of 30 largest banks, important issues for the Ukrainian economy were discussed. The main points of the speeches by NBU Chairman Andriy Pyshny and his deputies were as follows:

• The agreement with the IMF opens the way for a new four-year program with the Fund, which may provide funding of 8.1 billion US dollars.
• Banks must be prepared for uninterrupted operation amid shelling of energy infrastructure and lack of electricity supply, especially in frontline regions.
• The high level of bank profitability and active lending create optimism regarding support for the economy in wartime conditions.
• It is necessary to strengthen lending to the defense industry using consortium lending and unlocking cooperation opportunities among banks.
• An assessment of banks' resilience is planned, the results of which will be published by the end of December, as well as preparations for a new phase of evaluation.

Regulatory innovations and other issues

The meeting also discussed regulatory innovations, inflation dynamics, as well as the situation in the currency and debt markets. These issues remain key for the stability and development of Ukraine's financial system.

During the meeting of the NBU Board with bank leaders, important aspects of the economic situation in Ukraine were discussed. The agreement with the IMF once again confirmed the readiness of international partners to support the Ukrainian economy, while the discussion of regulatory issues and the situation on financial markets highlights the importance of monitoring and adapting the country's financial system to changes in both internal and external situations.