The Letter of Intent and Updated Memorandum of Economic and Financial Policies contain the measures, which the Government of Ukraine and the National Bank of Ukraine have implemented and plan to implement within the Program during 2022-2023. Letter of Intent and Memorandum were approved by the Executive Board of the International Monetary Fund on December 19, 2022.
Memorandum includes policies and measures to boost tax revenues and revive the domestic debt market, contribute to the long-term stability of the financial sector, contain monetary financing and enhance governance and transparency.
Implementation of the provisions of the Memorandum will bring Ukraine closer to the launch of the new full-fledged cooperation program with the IMF in 2023.
On November 23, IMF Experts and representatives of the Ministry of Finance of Ukraine, the National Bank of Ukraine and other authorities reached a staff-level agreement on economic policies for PMB.