IMF says staff agreement with Ukraine could allow $900 mln disbursement

The International Monetary Fund on Friday said it had reached a staff-level agreement with Ukraine on updated economic and financial policies under a four-year lending arrangement, paving the way for a $900 mln disbursement once approved by the board.

The IMF said its executive board was expected to consider the agreement in coming weeks.

It said Ukraine met all quantitative performance criteria set for the end of June, and indicative targets for the end of September, as well as most of the structural benchmarks set under the IMF's Extended Fund Facility program.