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

Source : 112 Ukraine

It is noted that the IMF will have to revise the stand-by program
23:12, 18 December 2020

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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.

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

"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). 

Related: IMF assesses Ukraine's tax policy

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