ALBAWABA - In a recent announcement, the International Monetary Fund (IMF) revealed the launch of the Ukraine Capacity Development Fund (UCDF) to bolster the country's economic reform agenda.
The new fund is set to provide substantial resources for technical assistance and education to support Ukraine's efforts in economic reform.
Key areas of focus for the fund's operations include fiscal reforms, monetary policy, financial sector policies, anti-corruption measures, data enhancement, and tailored training and technical support for macroeconomic frameworks.
With an initial operational plan budgeted at $27.5 million and a target of $65 million, the UCDF aims to facilitate Ukraine's progress in its reform initiatives.
Funding for the UCDF, amounting to $16.5 million, has been contributed by the Netherlands, Slovakia, Latvia, Japan, and Lithuania, with the intention of supporting the IMF's capacity development efforts over the next five years.
