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IMF mission begins work in Ukraine

Source : 112 Ukraine

The mission will work for two weeks. It will assess the implementation of the current cooperation program with Ukraine
11:26, 21 May 2019

Open source

The Mission of the International Monetary Fund (IMF) launched in Ukraine, as Ukrainian News reported.

As it was reported, the mission will assess the implementation of the current cooperation program with Ukraine under the stand-by system and hold consultations under article No. 4 of IMF statute.

Related: Decision on PrivatBank complicates cooperation with IMF and EBRD, - National Bank

Earlier IMF Spokesperson Gerry Rice stated that the Fund maintains communication with the then President-elect of Ukraine Volodymyr Zelensky and the IMF mission would come to Ukraine soon.

As we reported former 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.

Related: Revers in nationalization of PrivatBank threats relations with IMF, crisis, default, - Poroshenko

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.

Topics:
IMF
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