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.
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.
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.
