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IMF mission officially resumes its work in Ukraine

Source : 112 Ukraine

As of now, it is conducting a remote discussion with the Ukrainian authorities on the latest measures and reforms needed for the first review of the stand-by program
13:40, 11 January 2021

Open source

The International Monetary Fund's (IMF) European Department's first stand-by revision mission has resumed its work in Ukraine. This was reported by the IMF office in Ukraine, Interfax-Ukraine informs.

"The mission is resuming its work today by holding meetings with government officials," the statement said.

The mission also reminded that it was holding a remote discussion with the Ukrainian authorities on the latest economic developments as well as the measures and reforms needed to complete the first review of the stand-by program.

Related: IMF assesses Ukraine's tax policy

As we reported earlier, according to Denys Shmygal, Ukrainian Prime Minister, Ukraine could get the next loan from the IMF in February or March 2021.

"We would like to get it at the latest in February. These are the terms that we are discussing with the IMF unless there are any surprises again," he stated.

Ukraine received the first tranche from the IMF in June 2020. The tranche (and the EU financial aid) increased the country's international currency reserves to 28.7 billion U.S. dollars.

Related: Ukraine’s Acting Energy Minister, IMF mission head hold online talks

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