Jaresko: IMF to stop credit program in case of government change in Ukraine

Source : 112 Ukraine

Finance minister emphasized that collaboration with IMF is vital for Ukraine
10:13, 9 February 2016

112 Agency

International Monetary Fund (IMF) will stop Extended Fund Facility program (EFF) in case of government change in Ukraine and will renew it only after a new Cabinet pledges to fulfill obligations the current government has already committed to, stated Natalie Jaresko on one of Ukrainian TV channels, informs “Interfax-Ukraine”.

“They (the IMF) will wait until it becomes clear what the executive authorities are going to look like and whether they are going to fulfill obligations under which we have already received $6,7 billion and are soon planning to receive $1,7 billion more”, - Jaresko said.

Finance minister underlined that co-operation with IMF is vital to Ukraine because currently there are no other creditors ready to supply funds to Ukraine on such a long-term basis and at such subsidized rates.

Earlier President Petro Poroshenko informed about the allocation of $1.7 billion from IMF. In her turn Head of the National Bank of Ukraine Valeriya Gontareva claimed that memorandum on co-operation between Ukraine and IMF will be signed in the next couple of days.

Related: To be or not to be: IMF and granting Ukraine a loan

Related: EU, IMF leaders positively assess course of reforms in Ukraine, - Poroshenko

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