Kyiv's Cautious Approach to IMF Support

Yuriy Butsa said IMF Board will approve $8.2B program replacing $15.6B facility for Ukraine.
Kyiv plans cautiously, not optimistic about news, ceasefire won't end fiscal pressures.
Debt Sustainability Agreement restricts Kyiv's sovereign guarantees, Ukraine works with Clearstream to attract investors.
Kyiv aims for TARGET2 access and index re-inclusion.
Local funding and concessional loans to cover deficits, local-currency borrowing to limit currency risk.
Kyiv plans to lift wartime capital controls gradually.
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