Ivana Vladkova-Hollar chairs IMF mission in Ukraine

Source : 112 Ukraine

The official previously led the Fund's missions in Moldova and North Macedonia
17:44, 7 May 2020

Ivana Vladkova-Hollar

Ivana Vladkova-Hollar became the leader of the IMF mission in Ukraine. The IMF press office reported this on May 7. 

The Bulgarian citizen chaied the Fund's delegation in Ukraine on May 1. She previously led the Fund's missions in Moldova and North Macedonia.

Earlier, the National Bank of Ukraine said it expected a loan from the IMF in the second quarter of 2020.

Related: IMF forecast: Damage to Ukrainian economy due to coronavirus pandemic

President Volodymyr Zelensky claims there are no threats to cooperation between Ukraine and the IMF, since the MPs have unblocked the process of passing the law on banking system activity; as is known, this is the IMF's key request for the loan to be transferred to Ukraine. he added that the IMF will provide funds that are necessary for Ukraine's economy - "in spite of certain political forces trying to impede that process", as he put it.

Related: Zelensky convinced Ukraine will receive financial assistance from IMF

In April 2020, the volume of state reserves of Ukraine grew by 800 million U.S. dollars. That's 3.1 percent more than last month's figure, National Bank says in a statement.

As of May 1, Ukraine's international currency reserves make 25.7 billion U.S. dollars.

The National Bank (NBU) explained that there are three factors for such growth: the drop in currency demand by businesses on the interbanking market, government operations to pay the state debts in currency, as well as re-evaluation of financial tools. 

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