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Ukraine and IMF discuss terms of new financial program approval

Source : 112 Ukraine

Work continues, representatives (of the IMF - ed.) continue to interact with Ukraine," said IMF Chief Executive Officer Kristalina Georgieva
17:59, 18 January 2020

President's press service

Ukraine and the International Monetary Fund discussed the terms of approval of a new cooperation program. This was stated by IMF Chief Executive Officer Kristalina Georgieva, RBC-Ukraine reports.

"At the working level, we have reached an agreement with Ukraine, in which there are certain conditions that must be satisfied. Work continues, representatives (of the IMF - ed.) continue to interact with Ukraine," said Georgieva.

If these conditions are met, the Fund will turn to the Executive Board.

Earlier it was reported that Ukraine and the International Monetary Fund reached an agreement on a new cooperation program. The IMF has agreed to provide Ukraine with 5.5 billion dollars.

Related: Ukraine-IMF cooperation: Myths and reality

Ukraine's new IMF arrangements will pave the way for EU macro-financial assistance to Kyiv. EU Ambassador to Ukraine Matti Maasikas stated this on his Twitter page.

“Much needed and timely conclusion of the staff level agreement, international recognition of ongoing reforms in Ukraine. Together with the recent adoption of anti-money laundering law (final analysis of which still ongoing), should open the way also to the EU’s macro-financial assistance,” the ambassador stated.

Related: Medvedchuk: Authorities’ attempts to sell land at all costs imposed by IMF

 

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