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First tranche of new stand-by program will be allocated to Ukraine in near future, - IMF head

Source : 112 Ukraine

Stand-by program agreed by IMF for next 18 months
21:40, 29 May 2020

President's press service

President of Ukraine Volodymyr Zelensky held a telephone conversation with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva.

This was reported by the press service of the Office of the President.

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Georgieva welcomed the adoption of a law to improve banking regulatory mechanisms, noting that he protected taxpayers in Ukraine. She also said that the approval by the IMF Board of Directors of the first tranche of the agreed stand-by program for the next 18 months will take place in the near future.

The interlocutors agreed that the transition to the stand-by program greatly facilitates the allocation of financial support during the coronavirus pandemic. Volodymyr Zelensky, in turn, thanked the head of the IMF for stable partnership.

As we reported before, President of Ukraine Volodymyr Zelensky held a phone talk with President of Finland Sauli Niinistö, stating that Ukraine and the International Monetary Fund (IMF) agreed on the new stand-by program for $5 billion for 18 months

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