Extended Fund Facility
The Extended Fund Facility (EFF) is a lending arrangement of the International Monetary Fund designed for countries experiencing serious medium-term balance-of-payments problems caused by structural weaknesses. EFF programs typically run for three years and are accompanied by conditions tied to structural reforms and macroeconomic stabilization. Ukraine has been among recent users of the instrument, negotiating a new multi-year program with the IMF.
-
G7 ambassadors meet IMF mission in Kyiv to discuss Ukraine's wartime reforms and financing
G7 ambassadors in Ukraine met with an IMF mission led by Gavin Gray, which began work in Kyiv on 31 August, to discuss Ukraine's economic outlook, macro-financial stability, reforms and further financing needs. The meeting comes as Ukraine awaits a roughly $690 million tranche tied to the first review of its four-year, $8.1 billion Extended Fund Facility program agreed in June.