Ukraine agreed with IMF to increase programs to $8 billion, - Zelensky

Source : 112 Ukraine

Ukraine can receive at least $ 10 billion from the IMF, World Bank and EBRD
23:25, 27 March 2020


Ukraine has agreed with the IMF to increase programs to $ 8 billion. President of Ukraine Volodymyr Zelensky stated this during a briefing, which was broadcasted on 112 Ukraine TV channel.

Related: Coronavirus in Ukraine: Seven new cases in three regions

“Now we can get a minimum increase in the program up to $ 8 billion - if we continue to receive a minimum of $ 10 billion together with the World Bank and the EBRD. We’re talking further and we are definitely supported by Azerbaijan, I don’t want to distribute this information yet. I also agreed with Mr. Aliyev, thankful to him. We also talked and are waiting for an answer from the Prime Minister of Canada Trudeau," Zelensky said.

He added that the IMF's condition is the adoption of two laws on bank system and land ownership.

As we reported, an extraordinary meeting of the Verkhovna Rada will be held on Monday; MPs will pass a law on the sale of land.

Related: Zelensky team said that option of declaring default is not considered

"We agreed that we will not sell state land now. Next, we have reduced the concentration for individuals, down to 100 hectares. For legal entities, the second stage shall begin from 2024, there will be 10,000 hectares," Zelensky said.

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