An IMF team met with Ukrainian officials in Vienna this week and will continue to work on Ukraine’s request for additional programme monitoring in the coming weeks, according to IMF mission leader Gavin Gray.
Gray said IMF staff met Ukrainian authorities and discussed its findings with Finance Minister Serhiy Marchenko and Governor of the National Bank of Ukraine Andriy Pyshnyi.
He added that Russia’s invasion had caused tremendous human suffering and had a severe economic impact, with the fiscal deficit rising to unprecedented levels.
But IMF officials were encouraging Ukraine to refrain from measures that erode tax revenues.