The authorized staff of the International Monetary Fund and Ukraine have reached an agreement on a new 14-month program of support for economic policy stand-by (SBA), which will replace the expanded financing program (EFF), approved in March 2015 and ending in March 2019. This was reported on the IMF website, writes 112.

"The new stand-by program with the requested access to SDR 2.8 billion (equivalent to 3.9 billion dollars) will serve as the basis for the economic policy of the authorities in 2019," the report says.

According to him, the agreement is subject to approval by the fund management and approval by its board of directors..

Council meeting is expected after parliamentary approval of the state budget for 2019 in accordance with the recommendations of the IMF staff and an increase in gas and heating tariffs for households, reflecting market trends while maintaining support for low-income consumers..

Note that in early February, Ukraine partially paid off the IMF for its debts under the stand by 2014 program.. In particular, Kiev paid two tranches - $ 375 million and $ 87 million. August 31, Ukraine transferred to the IMF $ 160.3 million. in return of principal.

Credit program for Ukraine in the amount of $ 17.01 billion.

was approved by the IMF at the end of April 2014, and already in the beginning of May the first tranche of stand by credit in the amount of 3.19 billion dollars was granted.

In March 2015, the Board of Directors of the International Monetary Fund approved the allocation of $ 17.5 billion to Ukraine. under the 4-year EFF program (Extended Fund Facility) instead of the stand by program.

The stand by program has been replaced by the “extended financing mechanism” due to the longer need for the balance of payments of Ukraine.