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IMF maintains communication with Ukraine’s President-elect Zelensky

It is expected that the IMF mission will come to Ukraine in the next few weeks
14:31, 10 May 2019

Open source

The International Monetary Fund (IMF) maintains communication with President-elect of Ukraine Volodymyr Zelensky and the IMF mission will come to Ukraine soon as IMF Spokesperson Gerry Rice reported during the briefing.

“I can confirm that the Managing Director in fact has been in touch with Mr. Zelensky on his election as president of Ukraine and underscored that the IMF continues to stand ready to support Ukraine and to help it meet the challenges that lie ahead,” Rice noted.

Related: IMF, G7 concerned about court's decision on PrivatBank case

He also added that IMF Director-General Christine Lagard communicated with Petro Poroshenko thanking him for close cooperation during his presidency and expressing the hope and the expectation that progress under the economic program would continue.

According to Rice, there is no exact date of the arrival of the IMF mission to Ukraine; but it is expected that the visit will take place in the next few weeks. The IMF representatives plan to discuss the economic reforms and policy with new administration.

Related: How can Ukraine untangle it from IMF's net

Earlier President of Ukraine Petro Poroshenko had a phone conversation with Christine Lagarde, the Managing Director of the International Monetary Fund, during which she expressed the concern concerning the court’s decisions on the nationalization of the PrivatBank.

In December 2018, the IMF Directors Board approved the 14-months-long of cooperation with Ukraine within the stand-by program. The overall sum of loans makes 3.9 billion U.S. dollars, which makes 139 percent of the quote of Ukraine in the Fund.

 

 

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