KYIV, Dec 20 – The International Monetary Fund’s Executive Board, following the discussion of Program Monitoring with Board involvement (PMB) for Ukraine, said this four-month program is designed to help the country maintain financial stability and catalyze donor financing amid very large balance of payment needs and “exceptionally” high risks.

"The PMB is tailored to Ukraine’s exceptional circumstances, to help the authorities implement prudent macroeconomic policies during this particularly difficult period and catalyze donor financing. Large and predictable external financial support will be critical for the success of the authorities’ strategy, and frontloaded disbursements would help address strains in early 2023," IMF First Deputy Managing Director and Acting Chair Ms. Gita Gopinath said.