Ukraine, IMF agree on three-year cooperation program

"The head of state told about the reforms currently implemented in Ukraine and discussed the terms of the new cooperation program with the Fund. The head of the IMF praised the economic achievements of the new government and the progress made in implementing reforms by the government led by Prime Minister Oleksiy Honcharuk," the report reads.

Following the conversation, the parties noted that Ukraine and the IMF had reached a staff-level agreement on a new cooperation program.

"I assured the President of the IMF's readiness to support the authorities’ policy agenda to maintain macro-economic stability and lift the economy to a path of higher, sustainable, and inclusive growth, including with a new IMF-supported program. [...] IMF staff has reached agreement with the authorities on the policies to underpin a new 3-year, SDR 4 billion (about US$ 5.5 billion) arrangement under the Extended Fund Facility," Georgieva said in a statement.

Zelensky noted that the new program of cooperation with the IMF aims to accelerate economic growth, actively eradicate corruption and improve well-being of every Ukrainian.

"We are not satisfied with the current rate of economic growth, therefore, in order to accelerate economic growth, we, together with our international partners, will continue reforms to catch up with our neighbors in terms of economic development and prosperity," the president said.

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