IMF notes active dialogue with Ukraine on new program, finds it difficult to name possible term for its approval
The International Monetary Fund (IMF) notes Ukraine's progress in implementing reforms and expects fulfillment of the previously agreed preliminary measures for the Executive Board to approve a new $5.5 billion three-year EFF program, IMF spokesman Gerry Rice has said.
He said at a briefing in Washington that a very active dialogue, constructive discussions were ongoing. At the same time, he found it difficult to name a possible date for consideration of the Ukrainian issue by the board.
Rice noted that the five main focuses of the new program are strengthening the rule of law, fight against corruption, increasing competition, opening markets and a diminishing role of oligarchs, strengthening guarantees for the independence of the National Bank and a stable fiscal policy.
He noted that in January at the World Economic Forum in Davos, a meeting was held between IMF Managing Director Kristalina Georgieva and Ukrainian President Volodymyr Zelensky, at which the head of the fund noted the country's progress in implementing the reform program.
Advertising
Advertising
MORE ABOUT
Ukraine's Finance Minister holds number of meetings within World Bank-IMF Spring Meetings in Washington
09:28, 16.04.2024
Participants in IMF and World Bank spring meetings to discuss support for Ukraine
20:08, 12.04.2024
Updated memo on EFF with IMF contains 13 steps to deepen infrastructure of financial markets and supervision
20:17, 26.03.2024
Ukraine receives $880 mln from IMF - Shmyhal
12:44, 26.03.2024
In updated EFF arrangement with IMF, Ukraine manages to postpone deadlines of three benchmarks, do without new ones - memo
15:02, 23.03.2024
LATEST
After opening of sea exports, Metinvest increases workload of factories, directs efforts to retain teams – HR Director
20:17, 06.05.2024
Kamet Steel plant carrying out major overhaul of cable rack at coke chemical division for uninterrupted power supply
19:52, 06.05.2024
Business expectations in Ukrainian construction market in Q2 decrease by 1.1 pp – statistics
19:16, 06.05.2024
Four MPC members expect reduction of key policy rate to 11.5-12% by late 2024, remaining 7 expect fall to 13% – NBU
13:58, 06.05.2024
NBU develops alternative scenario in case of higher security risks with GDP growth in 2025 by 3.3%