Ukraine to sign extended funding memorandum with IMF in coming weeks, - Zelensky

Source : 112 Ukraine

We need money to support our small and medium businesses, and our economy, the President said
22:32, 2 April 2020


Ukrainian leader Volodymyr Zelensky is convinced that in the coming weeks, this country and the IMF will sign the memorandum on the program of extended funding. He said so during his telephone conversation with UN Secretary General Antonio Guterres; the President's Office reported that on Thursday evening.

"We're in constant dialogue with the International Monetary Fund. We're sure in the coming weeks we'l find entire understanding and sign the memorandum on the extended program. At the same time, we negotiate with the World Bank and other partners on funding in these tough times. We need money to support small and medium businesses, and to support our economy", the President said.

Related: Zelensky called on MPs to adopt laws necessary to receive assistance from IMF

Earlier, Zelensky claimed that over the course of 15 days after the Parliament votes for the bills on banking activity and the launch of the land market in Ukraine, the government will receive the first loan from the IMF, it would make two billion dollars.

The extraordinary meeting of the Verkhovna Rada was held on Monday; MPs passed the law on the land market, which was the major IMF requirement.

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