PM Honcharuk discusses new expanded financing program with IMF mission

Source : 112 Ukraine

The new program should replace the $ 3.9 billion standby agreement, which expires in early January.
15:58, 16 November 2019
Oleksiy Honcharuk, Ukraine's PM
Oleksiy Honcharuk Facebook
Prime Minister of Ukraine Oleksiy Honcharuk and Minister of Finance Oksana Markarova met with the head of the International Monetary Fund (IMF) mission Ron van Rooden and mission economist Gabor Pula. This was reported by the press service of the Cabinet.

"Ukraine has demonstrated and preserves its progress in the implementation of the reforms declared by the President, our Government and Parliament. In recent weeks, the Ukrainian Parliament has adopted a draft law on the turnover of agricultural land as a basis, and passed a bill on unbundling as basis and as whole. The latter has already been signed by the President. Therefore, we are looking forward to agreeing on a new long-term extended fund facility in the near future," said in a statement.

The IMF Head of Mission, in turn, noted the importance of the reforms that the Ukrainian authorities had successfully pursued recently, and expressed hope that their momentum would be maintained and accelerated.
Related: IMF hopes for fast progress of its mission's work in Ukraine, - Thomsen

As reported, on November 14, the IMF mission, arrived in Kyiv to continue the discussion about the possibility of opening a new 3-year EFF Arrangement, extended financing program for Ukraine.

On October 16, it was reported that the Ukrainian delegation with representatives of the National Bank of Ukraine and the Ministry of Finance went to Washington to negotiate with the IMF and other international financial organizations.

The government is negotiating a new IMF loan program that will replace the $ 3.9 billion standby agreement, which expires in early January.
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