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Ukraine’s PM opens up on new IMF loan program

Source : 112 Ukraine

Denys Shmygal hopes that all conditions for its implementation will be fulfilled within two-three weeks
08:05, 12 March 2020

Open source

Prime Minister Denys Shmygal said that Ukraine had to fulfill two other IMF conditions in order to receive a new loan program. The relevant statement was made during a press briefing, Ukranews reports.

"At the moment, we have a very positive dialogue with the IMF. We have agreed on a systematic continuation of cooperation without changing any conditions. We are moving in the same context as we did in the past. Of the eight conditions that Ukraine has to fulfill to the IMF, there are still two. We hope to fulfill them within two-three weeks,” Ukraine’s PM noted.

He did not specify them, but said that significant progress had been made in cooperation between Ukraine and the IMF.

Related: Ukraine’s PM, Head of IMF Mission discuss new loan program for 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: Who is D-student by IMF standards: Poland or Ukraine?

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