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Ukraine expects to receive IMF’s consent by the end of 2019

According to Deputy Head of Ukraine's National Bank, the mission sees the progress in the joint work of state institutions
12:54, 21 November 2019

First Deputy of National Bank Kateryna Rozhkova
Reuters

Deputy Head of the National Bank of Ukraine Kateryna Rozhkova said that Ukraine would receive the consent of the International Monetary Fund to fund it by the end of 2019. Rozhkova told about it in an interview with the newspaper Liga. Finances.

When she was asked by a journalist whether it was possible to receive money from the IMF this year, Rozhkova replied: "We will receive our baseline scenario – the Staff Level Agreement by the end of the year".

Rozhkova also noted that the mission sees the progress that is being made through the joint work of state institutions.

Related: Ukraine should complete cooperation program with IMF by 2023, - Finance Minister

As we reported earlier, the International Monetary Fund (IMF) stated that Ukraine should reduce the roles of the State and oligarchs in economics. IMF representative Jerry Rice reported that during the briefing in Washington as the press release of the IMF informed. 

"We think that Ukraine needs to advance some structural reforms. Again, notably, to improve governance and tackle corruption and to reduce the role of the state and oligarchs while continuing as I said to assign fiscal and monetary policies to maintain macro stability," he said. 

Particularly, the IMF representative mentioned that the negotiations with Ukraine about the new program are still continuing and "it's not surprising that they last so long". 

Related: IMF-Ukraine cooperation as a national idea: How to avoid evolving debt crisis?

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