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IMF announces date of meeting on cooperation with Ukraine

Source : 112 Ukraine

The Board of directors will discuss cooperation with Ukraine in the framework of the new stand-by program
15:52, 9 December 2018

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The International Monetary Fund Board of Directors will convene a meeting on cooperation with Ukraine on December 18. This is reported on the IMF website.

The agenda of the meeting includes, in additionб discussing the stand-by program, termination of the expanded funding program, approved in March 2015.

Earlier it was reported that before the end of the year, Ukraine could receive a new tranche from the IMF. It is assumed that its amount will be one and a half billion dollars.

Related: OSCE detects artillery of militants in Luhansk region

October 19, the government decided to raise gas prices by 23.5% from November 1. Within an hour after the relevant decision of the Cabinet of Ministers, a statement appeared on the IMF website that Ukraine and the IMF reached an agreement on a new stand-by program worth $ 3.9 billion, which will replace the expanded financing program (EFF), approved in March 2015 and expiring in March 2019.

Related: Units of Ukraine's Ministry of Internal Affairs switch to enhanced mode

Earlier Christine Lagarde, the Managing Director of the organization, said that martial law will not influence the cooperation with the IMF, as the press office of the Head of the State reported.

“The Head of State informed Madame Lagarde about the adoption and the key parameters of the State Budget of Ukraine for the year 2019. Madame Lagarde noted that, according to the IMF’s preliminary estimates, the key indicators of the State Budget of Ukraine are in line with the parameters agreed with the Fund,” the message reads.

The IMF Managing Director confirmed readiness to provide relevant technical support of Ukraine in reforming the fiscal policy and tax administration.

Besides, the interlocutors discussed the further steps to be taken in terms of the session of the IMF Executive Board in December for consideration of stand-by program for Ukraine.

Related: IMF has no legal bans on cooperation with Ukraine in martial law conditions

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