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

Source : 112 Ukraine

The official hopes that by that time, Ukraine would be able to live within its own means
08:48, 20 November 2019

Oksana Markarova, Ukraine's Finance Minister
Open source

By 2023, Ukraine should close books on cooperation with the IMF. These are the expectations of Oksana Markarova, the Finance Minister of Ukraine. She said so in an interview with Hromadske.

"My ambitious plan is to manage to complete it (the program with the IMF, - 112 International), so that in 2023 we would not be disturbed by the question when would we get the new loan, being able to provide ourselves instead", Markarova said.

The official hopes that the program of cooperation with the IMF that is now subject to negotiations would be the last one.

Related: PM Honcharuk discusses new expanded financing program with IMF mission

According to Markarova, currently, the Ukrainian government and the IMF mission lead the negotiations on a loan program that would let Ukraine implement many reforms. The country should be able to leave the program after it's over, just like Poland did it once, Markarova said. 

Currently, Ukraine and the IMF cooperate under the short-term program that is supposed to be over by early 2020. It already received one of the three loans it is supposed to get within the program (USD 3.9 billion). 

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

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