On December 16, 2024, the Executive Board of the International Monetary Fund (IMF) approved the fourth review of the three-year Stand-By Arrangement supported by the IMF. As a result of the review, the availability of funds under the Stand-By Arrangement increased by $24.5 million (18.4 million SDR), bringing the total accessible amount to $122.7 million (92 million SDR). It should be noted that the program is precautionary in nature, and the borrowed funds will be directed towards meeting the external (balance of payments) financing needs of the economy, which may arise from potential future shocks.
The review was based on the implementation of structural benchmarks that serve as preconditions for the Stand-By Arrangement, as well as the country’s macroeconomic stability and the effectiveness of its economic policies. IMF representatives also highlighted the Government’s key economic policy priorities, which aim to promote a growth model based on the private sector, exports, investments, and knowledge, with a focus on poverty reduction and strengthening social protection.
The next, fifth review of the Stand-By Arrangement is scheduled for April–June 2025.
