President’s representative: Talks with IMF to resume no earlier than mid-September

President’s representative: Talks with IMF to resume no earlier than mid-September

The talks with the representatives of the International Monetary Fund (IMF) will be held no earlier than mid-September.

“[The talks will be held] no earlier than mid-September. The group of negotiators will include the leadership of the new government and members of the Presidential Office,” representative of the President in the Cabinet of Ministers Andriy Gerus said in an interview with the RBC-Ukraine news agency.

As reported, IMF Communications Department Director Gerry Rice stated in May that the International Monetary Fund is ready to resume close cooperation with Ukraine after the parliamentary elections are held and the new government is formed.

The Executive Board of the International Monetary Fund approved the Stand-By Arrangement for Ukraine in December 2018. 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 to Ukraine immediately.


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