IMF, Ukraine Reach Staff Level Agreement on $15.6b 'EFF Arrangement'

IMF logo / Reuters
IMF logo / Reuters
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IMF, Ukraine Reach Staff Level Agreement on $15.6b 'EFF Arrangement'

IMF logo / Reuters
IMF logo / Reuters

The International Monetary Fund announced on Tuesday that it reached with Ukrainian authorities a staff have a staff-level agreement that would be supported by a new 48-month Extended Fund Facility (EFF) Arrangement.

It said the EFF, with requested access of around $15.6 billion aims to support the Ukrainian authorities anchor policies that sustain fiscal, external, price and financial stability, and support the ongoing gradual economic recovery, while promoting long-term growth in the context of post-war reconstruction and Ukraine’s path to EU accession.

IMF Mission Chief for Ukraine Gavin Gray made the announcement, saying the agreement with the Ukrainian authorities is on a 4-year IMF-supported program, noting that it would be subject to approval by the IMF Executive Board, with Board consideration expected in the coming weeks.

“The staff-level agreement reflects the IMF’s continued commitment to support Ukraine and is expected to help mobilize large-scale concessional financing from Ukraine’s international donors and partners over the duration of the program," he added.



Iran Uncovers Rigged Device in Nuclear Program, Similar to Pager Attack

A billboard with a picture of late Hamas leader Ismail Haniyeh, late senior Iranian military commander General Qassem Soleimani, late Lebanon's Hezbollah leader Sayyed Hassan Nasrallah and late Hamas leader Yahya Al-Sinwar is seen on a street in Tehran, Iran, January 16, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
A billboard with a picture of late Hamas leader Ismail Haniyeh, late senior Iranian military commander General Qassem Soleimani, late Lebanon's Hezbollah leader Sayyed Hassan Nasrallah and late Hamas leader Yahya Al-Sinwar is seen on a street in Tehran, Iran, January 16, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
TT

Iran Uncovers Rigged Device in Nuclear Program, Similar to Pager Attack

A billboard with a picture of late Hamas leader Ismail Haniyeh, late senior Iranian military commander General Qassem Soleimani, late Lebanon's Hezbollah leader Sayyed Hassan Nasrallah and late Hamas leader Yahya Al-Sinwar is seen on a street in Tehran, Iran, January 16, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
A billboard with a picture of late Hamas leader Ismail Haniyeh, late senior Iranian military commander General Qassem Soleimani, late Lebanon's Hezbollah leader Sayyed Hassan Nasrallah and late Hamas leader Yahya Al-Sinwar is seen on a street in Tehran, Iran, January 16, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Iran’s Vice President for Strategic Affairs, Mohammad Javad Zarif, revealed that a sabotage attempt targeting the country's uranium enrichment program had been thwarted.

The plot involved a rigged component meant for the country’s centrifuges, which was acquired through intermediaries assisting Iran in evading sanctions.

In a televised interview streamed exclusively online, Zarif cautioned that Iran is facing growing security challenges in acquiring spare parts due to US sanctions.

“Our colleagues had purchased a centrifuge platform for the Atomic Energy Organization, and it was discovered that explosives had been embedded inside it, which they managed to detect," he told the Hozour (Presence) online program.

It was not clear when the alleged incident occurred.

On September 17, thousands of pagers used by Hezbollah members exploded simultaneously in Beirut’s southern suburbs and its other strongholds. Iranian Ambassador to Lebanon Mojtaba Amani was among the injured.

The attack, followed by a second bombing the next day targeting walkie-talkies, killed 39 people and injured over 3,400.

“The issue with the pagers in Lebanon turned out to be a multi-year process, meticulously orchestrated by the Zionists (Israelis),” said Zarif.

Following the pager explosions, Iranian officials and lawmakers warned of potential Israeli infiltrations similar to the attacks. As a precaution, the communication devices used by Iranian officials underwent security reviews.

This is not the first time Iran has raised concerns over potential infiltration through spare parts. In late August 2023, Iranian state television reported the thwarting of an Israeli "plot" to sabotage its ballistic missile and drone programs using faulty spare parts acquired from a foreign supplier.

Authorities stated the parts could have caused explosions or malfunctions in Iranian missiles before launch.

The Israeli intelligence agency Mossad was accused of orchestrating the shipment of defective parts and electronic chips used in missiles and drones.

A defense ministry official confirmed that a “network of agents” had attempted to introduce the rigged components.

In April 2021, an explosion at Iran’s Natanz uranium enrichment facility, which housed hundreds of centrifuges, was blamed on Israel’s Mossad.

Alireza Zakani, then a member of parliament and now Tehran's mayor, said the blast was caused by “300 pounds of explosives planted in equipment sent abroad for repairs.”

The explosion destroyed the electrical distribution system 50 meters underground.