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Ukraine’s PM, Head of IMF Mission discuss new loan program for Ukraine

Source : 112 Ukraine

Finance Minister Ihor Umansky and Justice Minister Denys Malyuska also participated in the phone talks
12:14, 11 March 2020

Ukraine's PM
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Prime Minister of Ukraine Denys Shmygal and Head of IMF mission Ron van Rooden discussed the prospects of implementing a new lending program for Ukraine during a telephone conversation. This was reported by the press service of Ukraine’s Cabinet of Ministers.

"The Government of Ukraine is committed to continuing its cooperation with the IMF. A top priority is establishing an IMF Extended Financing Program, especially to support structural reforms, macroeconomic and financial stability in the country," Shmygal said during a conversation with representatives of the Fund.

Finance Minister Ihor Umansky and Justice Minister Denys Malyuska also participated in the phone talks.

Related: New IMF loan might be delayed due to change of government in Ukraine, - Oxford Economics

The parties also discussed further priority steps in the frameworks of cooperation. The Prime Minister noted the importance of comprehensive support provided by the IMF to Ukraine.

As we reported earlier, economic analysts from Oxford Economics predicted the potential delay of the new IMF loan program for Ukraine, due to the recent changes of government in Ukraine.

The latest government reshuffle by Zelensky increases the risk of failure of reforms, both in terms of macroeconomic stabilization and institutional and anti-corruption reforms. This is likely to significantly delay negotiations with the IMF,” the economists say.

Related: Ukraine's new government to continue cooperation with IMF, - PM

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