The mission of the International Monetary Fund (IMF) will begin its work in Ukraine on December 21-23 and will have to revise the stand-by program. The Prime Minister of Ukraine Denys Shmygal wrote about this on his Telegram channel.
"Due to the epidemic situation, the visit will take place online. The beginning of the IMF mission testifies to the support of Ukraine and a positive signal about the payment of the next tranche," Shmygal wrote.
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 the access to 3.6 billion SDR (that's roughly five billion dollars).