Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

IMF launches fund to reinforce Ukraine’s reform efforts amid war

Ukraine capacity development fund has already received $14 million from donors, with a target of raising $65 million.
Credit: Andrii Pyshnyi
IMF launches fund to reinforce Ukraine’s reform efforts amid war

The International Monetary Fund (IMF) has established a new capacity development fund to support reforms in Ukraine as the country continues transforming its economy while fighting Russia’s invasion.

According to a Facebook post by Andrii Pyshnyi, head of Ukraine’s National Bank, on 15 October, the IMF’s Ukraine capacity development fund has already received $14 million from donors, with a target of raising $65 million.

Pyshnyi said the fund “will cover the needs of implementing our country’s capacity development plan, the successful implementation of reforms.” He stressed recent IMF memorandums with Ukraine have focused on maintaining macroeconomic and financial stability to strengthen Ukraine’s capacity.

Ukraine’s demining efforts paves way for new capabilities in humanitarian clearance

In Pyshnyi’s view, the constant pace of reforms in Ukraine and capacity building is key:

“Reforms in Ukraine and capacity building must take place continuously, without interruption, involving the best world experience.”

The central bank chief added that the IMF has “once again confirmed its leadership in mobilizing financial assistance for Ukraine.”

The new dedicated fund aims to support multiple areas – international financial aid, transforming Ukraine’s economy, and strengthening the institutional abilities of governing bodies. It represents the latest measure as the IMF maintains its central role in marshaling global assistance for the war-torn country.

Read also:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here



    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts