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IMF to consider Ukraine's Stand-by loan application on June 9

Source : 112 Ukraine

The meeting of the Executive Board will not only consider Ukraine's request for a Stand-by agreement, but will also assess the implementation of the previous EFF program from 2015
08:05, 4 June 2020

The International Monetary Fund (IMF)
Reuters

The International Monetary Fund (IMF) has included consideration of Ukraine's application for a new stand-by loan program in the agenda of the Executive Board meetings for the next seven days. The plan for the meetings of the Fund's governing body is presented on the IMF's website.

According to the schedule, Ukraine's request for a Stand-by agreement will be considered on June 9. An evaluation of the implementation of the Extended Fund Arrangement program from 2015 will be conducted as well.

Related: New IMF tranche: What results are we expecting?

The Fund notes that the schedule of meetings of the Executive Board may be changed.

As we reported earlier, the Ukrainian government is expected to get a five-million tranche from the IMF. 

“The memorandum with the IMF – the important topic of the recent weeks. We did a great job by the entire country and the Cabinet of Ministers, ministries, the Verkhovna Rada, and the president personally held the talks. On Friday, the final agreements were reached with the IMF and today we are able to say that until June 10 the session of the IMF council will take place during which the final decision on the allocation of $5 billion tranche to Ukraine will be made,” Ukraine's PM said.

Related: Ukraine to get first tranche from IMF in June, - Shmygal

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