KYIV, March 3 – The International Monetary Fund (IMF) staff and the Ukrainian authorities have reached staff level agreement (SLA) on the Seventh Review of the four-year Extended Fund Facility (EFF) Arrangement worth $15.5 billion, which subject to approval by the IMF Executive Board, paves the way for the eighth tranche of about $400 million (SDR 300 million), bringing the total disbursements under the program to $10.1 billion.

"Program performance remains strong. All end-December quantitative performance criteria (QPCs) have been met and understandings were reached on a set of policies and reforms to sustain macroeconomic stability," the IMF said in a press release on its website, following the work of the mission, which has been working in Kyiv and Warsaw since February 20.