"IMF staff are in close contact with the National Bank of Ukraine and stand ready to assist in designing measures that will address excessive and temporary imbalances in the supply and demand for foreign exchange.

We look forward to the authorities’ rapid prior actions to trigger consideration by the IMF Executive Board of Ukraine’s economic reform program supported by the new US$17.5 billion Extended Fund Facility Arrangement, currently scheduled on March 11th. The disbursements under the program will be heavily front-loaded, including a significant initial disbursement upon approval. We are convinced that this will help achieve rapid macroeconomic stabilization."