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Ukraine could get IMF loan by late 2021, - deputy head of National Bank

Source : 112 Ukraine

The Bank provides self-evaluation of supervision process, accounting and tooling in order to continue cooperationm with the IMF
15:45, 15 July 2021

Open source

Ukraine can get a loan from the IMF under the stand-by program by the end of the year. Yuriy Heletiy, the deputy head of the National Bank of Ukraine said so as quoted by Interfax-Ukraine.

"Continuing the cooperation with the IMF is the most important task for the National Bank, Ukrainian stakeholders and all government bodies. We should currently move on to reach the Staff Level Agreement, which will mean preparing our memorandum on cooperation for the first revision by the Board of Directors. This year, we can get the loan in time", Heletiy said. 

The official also said that the Bank also hopes to get the second tranche of macrofinancial aid from the EU in the amount of 600 million Euros, and the second part of DPL from the World Bank worth 350 million dollars.

Related: Zelensky claims IMF demands "unfair"

Heletiy added that the Bank provides self-evaluation of supervision process, accounting and tooling in order to continue cooperation with the IMF.

Related: IMF’s Resident Representative in Ukraine Ljungman to be replaced

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