The International Monetary Fund (IMF) and Ukrainian authorities have reached a staff-level agreement on the sixth review of the four-year Extended Fund Facility (EFF) arrangement, granting Ukraine access to $1.1 billion in funding, subject to approval from the IMF board.
If approved, the agreement would bring the total disbursements to Ukraine under the program to $9.8 billion, the IMF said in a press release on Tuesday, noting that the board is expected to review the deal in the coming weeks.
Switzerland has launched a new call for investment projects involving Swiss companies in Ukraine, making up to 50 million Swiss francs ($61 million) available to help finance reconstruction and economic recovery efforts, the Swiss government said on May 28. The initiative targets Swiss companies with an established presence in Ukraine
Ukraine's foreign exchange regulations are changing "rapidly and dramatically" and are providing "quite many surprises" to foreign companies operating in the country, representatives from Schneider Group warned at a webinar this week. The warning came during a one-hour presentation on foreign exchange controls
