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IMF technical mission to visit Ukraine on March 5-13

Source : 112 Ukraine

The IMF representatives will visit Ukraine for the discussion of the events in the economic sphere
16:31, 1 March 2019

Finance Ministry

The technical mission of the International Monetary Fund (IMF) will visit Ukraine on March 5-13 as Goesta Ljungman, the IMF representative to Ukraine reported.

“The technical team consisting of a few IMF specialists will visit Kyiv on March 5-13 to discuss the events in the economic sphere and progress in the implementation of the reforms provided by the stand-by program with Ukraine,” Ljungman said.

He did not report other details.

Related: Life without IMF loans: Three scenarios for Ukraine

As we reported, Ukraine expects two tranches from the IMF in 2019 under the stand-by program opened in December last year.

Previously, in October 2018, Ukraine and the IMF agreed to implement the stand-by program; Ukraine received the first loan in December 2018.  

Besides, the IMF emphasized that Ukraine should be focusing on conducting land reform and privatization, in order to attract foreign investments. It was added that the reform of the State Fiscal Service of Ukraine begins now, and this should improve the business environment. 

Related: IMF Head notes reforms progress in Ukraine

In December 2018, the IMF Directors Board approved the new 14-months-long program of cooperation with Ukraine within the stand-by mechanism. The overall volume of the program makes 3.9 billion U.S. dollars. Ukraine already received the first tranche under this program in December 2018. 

 

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