IMF assumes extending size of loan for Ukraine, - Managing Director

Source : 112 Ukraine

Ukraine has shown progress in terms of legislation regarding the banking system and the land reform, Kristalina Georgieva said
08:48, 27 March 2020


There's a chance that the IMF would increase the size of assistance for Ukraine this year. The Fund's Managing Director Kristalina Georgieva said so as quoted by the IMF press office on March 26.

"This last week, very good progress has been made in the discussions with the Ukrainian authorities on the new Extended Fund Facility (EFF) arrangement. Adoption of legislation to improve the bank resolution framework and on land reform would allow moving forward quickly with finalizing the parameters of the new arrangement, with larger access than previously envisaged", reads the statement.

Related: Ukraine wants funding from IMF to get raised up to $10 billion, - media

On March 22, President of Ukraine Volodymyr Zelensky and IMF Head Kristalina Georgieva discussed an increase in assistance to Ukraine during the coronavirus epidemic in a telephone conversation.

As we reported, the European Investment Bank (EIB) plans to provide Ukraine with 40 million euros. These funds will be used in order to take the necessary measures in overcoming the spread of coronavirus in Ukraine.

Related: Ukraine’s government submits bill on banks to parliament within new IMF cooperation program

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