IMF technical mission to arrive in Kyiv on March 5

IMF technical mission to arrive in Kyiv on March 5

A technical mission of the International Monetary Fund (IMF) will arrive in Kyiv on March 5 to discuss progress in the Ukrainian reforms under the Stand-By Arrangement.

The IMF Resident Representative Office in Ukraine reported this with reference to IMF Resident Representative in Ukraine Goesta Ljungman.

"A technical team consisting of several IMF specialists will visit Kyiv from March 5 to March 13, 2019 to discuss economic development and progress towards the introduction of reform measures envisaged by the Stand-By Arrangement (SBA) for Ukraine," Ljungman said.

The IMF Executive Board approved a 14-month Stand-By Arrangement (SBA) for Ukraine worth a total of $3.9 billion.

Ukraine received the first disbursement under the new program in the amount of $1.4 billion on December 21, 2018. The remainder will be available upon the completion of semi-annual reviews. Ukraine's Government should adhere to a number of conditions aimed at ensuring the stability of the national economy.


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