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IMF intends to send mission to Ukraine in a few weeks

Director of the IMF Department Poul Thomsen stated the Fund expects modernization and independence of the National Bank of Ukraine, implementation of the land reform and anti-corruption fight
09:27, 19 October 2019

zn.ua

The International Monetary Fund (IMF) is going to send a mission to Ukraine in a few weeks for reforms discussing. Director of the IMF Department Poul Thomsen during the briefing on Friday in Washington, according to the Voice of America

"The discussion goes well with the government and we are planning to send the mission to Ukraine in a couple of weeks to continue talking about details of the reforms," Thomsen stated.

Related: IMF expects growth of Ukraine's GDP growth by three percent in 2020

He reminded that there is the short-term Stand-By program the aim of which was to provide a transitional period and help to save the macroeconomic stability during the elections and formations of the new Government of Ukraine. 

According to Thomsen, the new authorities want to get a three-year-old credit program from the IMF, however, its amounts were not discussed. 

The Director added that among the priorities of the program there were modernization and independence of the National Bank of Ukraine, implementation of the land reform and anti-corruption fight.

Related: IMF does not insist on increasing gas prices for Ukrainians, - Head of National Bank

The official explained that a more high evaluation of Ukraine's economic growth on the part of the International Monetary Fund shows good economic indicators in the country, however, the growth should be faster in order to catch-up. 

 

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