Zelensky, IMF head discuss Ukraine's progress in fulfilling commitments under stand-by program

Source : 112 Ukraine

IMF Managing Director Kristalina Georgieva praised Prime Minister Denys Shmygal's work with the Fund's team
12:38, 18 November 2020

112 Agency

During a telephone conversation, President of Ukraine Volodymyr Zelensky told Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), about Ukraine's fulfillment of its obligations under the stand-by program, including a number of reforms, as well as all the measures taken in order to overcome the constitutional crisis. Zelensky's press service informed about the content of the conversation.

Zelensky assured the head of the IMF that Ukraine did not stop in fulfilling its commitments under the stand-by program. According to him, among other things, the Ukrainian parliament also approved the reform of customs and tax service.

It is noted that the Ministry of Finance and the National Bank are actively working to reduce the share of non-performing loans in the banking system.

"To date, all the structural beacons provided for the revision of the IMF program have been fulfilled," the president said.

Related: IMF Director estimates implementation of Stand-By program for Ukraine: Risks are very large

Georgieva, in turn, praised Prime Minister Denys Shmygal's work with the Fund's team. According to her, the overall results made it possible to consolidate relations between the parties at a high level and make significant progress.

As we reported earlier, on October 28, Ukraine's PM Denys Shmygal held a meeting with the representatives of the International Monetary Fund.

“We quickly move closer positions with the IMF. We held a productive meeting with our international partners from the Fund. Ukraine succeeded to progress in the fulfillment of its commitments. Many thanks to Alfred Kammer and the IMF for a dialogue. Steady partnership relations with the IMF – is a key for the long-term stability of Ukraine,” he wrote.

Related: Finance Minister believes IMF mission to arrive in Ukraine this fall

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