IMF mission begins loan talks in Ukraine

Source : 112 Ukraine

Until December 23, the talks will take place remotely due to the coronavirus pandemic
17:32, 21 December 2020

The International Monetary Fund (IMF)

The International Monetary Fund's mission started the first review of the stand-by arrangement for Ukraine on December 21. This was stated by the IMF office in Ukraine, Interfax-Ukraine reports.

“The mission will hold meetings with the Ukrainian authorities to discuss economic developments, and policies and reforms to underpin the completion of the review,” IMF Resident Representative in Ukraine Gosta Ljungman stated.

Related: Finance Ministry negotiates with IMF on state budget for 2021

Until December 23, the talks will take place remotely due to the coronavirus pandemic.

The mission plans to resume meetings in January 2021, after the New Year holidays.

As we reported earlier, Denys Shmygal predicted that Ukraine will receive the next tranche from the International Monetary Fund (IMF) in February - March 2021.

"We'd like to get it at the latest in February. These are the terms that we're discussing with the IMF unless there are any surprises again," he said.

Shmygal expects progress in talks between Ukraine and the IMF next week. "We're in good cooperation with the EU; we got the tranche last week", he reiterated.

The IMF allocates funds for Ukraine in the stand-by program, which is accounted for 18 months, with access to 3.6 billion SDR (that's roughly five billion dollars). 

Related: IMF mission to start its work in Ukraine on December 21-23, - PM


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