Ukraine intends to retain the half of $2.7 billion received in August 2021 from the International Monetary Fund (IMF) during SDR distribution as a buffer against future risks, according to the Memorandum of Economic and Financial Policies of Ukraine signed with the IMF, published by the IMF and the Ministry of Finance on Wednesday.”While the deficit has remained in check, given large gross external financing needs including a significant amount of debt maturing that was issued at concessional rates, we have used about half of the recent general SDR allocation,” the government said in the memo. The government said that this will help to buttress our external stability objectives.
