KYIV, Dec 21 – The Program Monitoring with Board involvement (PMB) for Ukraine (PMB), finally approved by the International Monetary Fund (IMF) on December 19, if successfully passed next March, may be replaced by an extended program with funding, IMF Alternate Executive Director Vladyslav Rashkovan has said.

"We hope to have the extended program in March that will already be part of the reconstruction process and will help build a macroeconomic framework for other donors," he said at the annual conference of the Professional Government Association (PGA).