KYIV, Nov 24 - Ukraine, within the framework of the updated memorandum of economic and financial policies with the International Monetary Fund (IMF) under the Stand-By Arrangement, agreed to adopt the state budget for 2022 with a deficit of up to 3.5% of GDP by the end of November.

It also vowed to abolish the weakening of the criteria for the selection of state representatives to the supervisory boards of state banks and to adopt succession plans for these supervisory boards with an indication of the timing.