IMF ready to continue cooperation with Ukraine after parliamentary elections

IMF ready to continue cooperation with Ukraine after parliamentary elections

Ukrinform
The International Monetary Fund (IMF) will continue to cooperate with Ukraine after snap elections to the Verkhovna Rada.

IMF Communications Department Director Gerry Rice made a corresponding statement during a briefing on Thursday, an Ukrinform correspondent reports.

Responding to a question on the possible launch of a new three or four year program for Ukraine, Rice said that the IMF was waiting for the end of the elections before it could be discussed.

"There has been some talk of that happening from some Ukrainian officials at the end of 2019. And where we are on Ukraine, is again elections are about to be held there and, we are waiting for the end of the elections before we will be able to move forward with further discussions,” he said.

According to him, this issue was previously raised during the visit of the IMF mission to Ukraine. “But we want to wait for the elections before we will be moving forward,” he stressed.

As reported, on December 19, 2019, the Executive Board of the International Monetary Fund approved the Stand-By Arrangement for Ukraine. The amount of the 14-month program is equivalent to SDR 2.8 billion (about USD 3.9 billion). SDR 1 billion (about USD 1.4 billion) was provided immediately, while the remaining funds should be disbursed based on the results of semi-annual arrangement revisions in 2019.

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