Ukraine to conclude agreement on $ 5 billion IMF loan, - Bloomberg

Source : 112 Ukraine

The credit program will be designed for three years
17:52, 15 September 2019
Open source
Ukraine intends to conclude an agreement with the International Monetary Fund on the provision of 5 billion US dollars credit assistance. This was reported by three people familiar with the matter, Bloomberg informed.

"The extended fund facility will replace a short-term program that helped the eastern European country navigate a tricky year of presidential and parliamentary elections. It will probably run for three years, said the people, who asked not to be named because negotiations are continuing," the report said.

An IMF mission arrived in Kyiv this month to discuss the parameters of the new program, which is likely to include conditions seeking further steps to tackle corruption, curb the budget deficit and liberalize the market for farmland.

Related: IMF mission headed by Ron van Roden starts working in Ukraine

The government has said it hopes to reach a staff-level agreement with the IMF this month, and have a new program in place by year-end.

According to Radio Liberty, IMF Communications Director Jerry Rice at a briefing in Washington on September 12 stressed that the fight against corruption will be a key component of any new loan program that Kyiv will receive from the International Monetary Fund.
September 12, it became known that the mission of the International Monetary Fund (IMF), led by Ron van Roden, began to work in Ukraine.
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