IMF mission to work in Kyiv until Jan 29, says NBU

11:15, 12.01.2015 1 min read

The International Monetary Fund (IMF) mission will work in Kyiv until January 29, 2015, aiming at agreeing on a new action plan for Ukrainian authorities, with the stated purpose of receiving new financing.

"On January 12, 2015 the third stage of mission’s work, part of the European department of the IMF, [will begin work] to complete the second revision fulfillment of the Stand-By Arrangement (SBA) by Ukraine. It is expected that the mission is to work in Kyiv until January 29," the National Bank of Ukraine (NBU) wrote on its Facebook page.

The NBU stated that it plans to sign a revised letter of intent, and a memorandum on the economic and financial policy which will define measures Ukraine is to take to receive the next package of financial aid, and the continued the implementation of the SBA.

It is planned that the mission will continue discussing the economic, fiscal, monetary and financial policies that are essential to the realization of reforms foreseen in the SBA, aimed at overcoming the Ukrainian economic crisis.