OREANDA-NEWS The mission of the International Monetary Fund (IMF) in Ukraine today, November 6, began the second review of Kiev's implementation of the Extended Financing Mechanism (EFF) program, the National Bank of Ukraine (NBU) reported. The mission will work in a hybrid format — offline and online.

During the revision of the EFF program, Ukraine's fulfillment of its obligations under the memorandum on economic and financial policy will be considered. In particular, we are talking about measures in the field of fiscal, monetary and monetary policy, ensuring financial stability, as well as structural reforms for medium- and long-term economic growth, the NBU said.

In addition, experts will discuss sources of financing of the state budget deficit of Ukraine, including international financial assistance and the domestic debt market. "Revision (of the program.— "Kommersant") will not be easy, but the Ukrainian team has been working smoothly and efficiently for more than 20 months of a full-scale war. We are clearly aware of the critical need to maintain the support of the IMF not only for further financing of budget needs, but also for the development of our country and its European future in general," said the head of the NBU Andrey Pyshny.

At the end of June, the IMF Board of Executive Directors announced a decision to allocate a second tranche of $890 million to Ukraine. The Ukrainian Ministry of Finance has included a deficit of $38 billion in the draft state budget of the country for 2023. On November 2, the Prime Minister of Ukraine Denis Shmygal announced that the IMF will review the program of expanded financing of the country, which will give Kiev the opportunity to receive the next tranche of assistance in the amount of approximately $ 900 million. According to the head of the Ministry of Finance of the country Sergey Marchenko, without the help of the West, the budget in 2024 faces a hole of $ 29 billion.