IMF staff reaches deal with Ukraine for $690 mln disbursement, pending board approval

WASHINGTON, June 12 (Reuters) - The International Monetary Fund on Friday said its staff had reached an agreement with Ukraine following a review of the war-torn country's $8.1 billion loan program, paving the way for disbursement of $690 million, pending board approval.

The IMF said Ukraine met all quantitative performance criteria and indicative targets by the end of March, but implemented two structural benchmarks with a delay and missed one.

To keep the program on track, IMF staff and Ukrainian authorities agreed to a revised timeline for implementing reforms, corrective actions to address slippages and additional policy commitments, the IMF said in a statement. It gave no details.


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