The mission of the International Monetary Fund (IMF) has started its work in Ukraine as RBK-Ukraine reported.
The mission is headed by Ivanna Vladkova Hollar. After the discussions with the Ukrainian authorities, the program supported by the IMF will be reconsidered.
“The IMF mission starts its work today and it will continue the discussion with the authorities of Ukraine of the first reconsideration of the program supported by the IMF. The meetings of the mission will take place in online mode,” IMF Permanent Representative Vahram Stepanyan noted.
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.