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Timing of IMF mission arrival in Ukraine becomes known

Source : 112 Ukraine

Less than two weeks left until its arrival
19:41, 11 September 2021

Vladyslav Rashkovan, Ukraine’s Deputy Director in the International Monetary Fund
Open source

The mission of the International Monetary Fund can arrive in Ukraine in 10-12 days. This was stated by Deputy Executive Director of the IMF Vladyslav Rashkovan during his speech at the YES forum, Ukrinform writes.

"Within 10 days, maybe 12 days, we will send a mission that will work on a stand-by agreement and support the Ukrainian economy in the future," he said.

According to Rashkovan, the goal of the IMF program is "an alignment of Ukraine in economic development with neighboring countries." For this, Ukraine needs more economic growth than Poland, Hungary or Turkey.

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"The world economy will grow by 6.5% or more, and Ukraine must catch up with such growth," Rashkovan said.

Earlier the head of the said that the amount of the second tranche under the stand-by program from the International Monetary Fund to Ukraine could be more than $ 700 million. And the mission itself is expected in September.

In June 2020, the IMF approved a stand-by program for Kyiv with a total volume of about $ 5 billion, immediately allocating the first tranche of funding in the amount of $ 2.1 billion. Four reviews of the implementation of the program conditions were scheduled for the allocation of the remaining four tranches. However, the agreed schedule was violated, and funding was suspended due to Ukraine's failure to fulfill a number of obligations.

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