An IMF team has commenced discussions with Ukrainian officials, focusing on the country’s fiscal policy for 2024 and the medium term. Meanwhile, the EC is preparing to propose its portion of a USD 50 bln loan package to aid Ukraine. Economy Commissioner Gentiloni indicated that this proposal aims to meet a year-end deadline for legislative completion and mentioned that the use of windfall profits from frozen Russian assets will be deliberated by G7 finance ministers in Rio de Janeiro next week.