New program with IMF may be signed in Q1 2020 – NBU

New program with IMF may be signed in Q1 2020 – NBU

The National Bank of Ukraine (NBU) believes that the signing of a new program of cooperation with the International Monetary Fund (IMF) can be signed in the first quarter of 2020.

NBU Governor Yakiv Smolii stated this at a press conference on Thursday, an Ukrinform correspondent reports.

"This year, a decision on a new program will not be signed, but according to the schedule of the next meeting [of the IMF], this can happen in the first quarter of next year," he said.

According to the NBU governor, the program will be concluded for a period of three years, in the amount of SDR 4 billion, or USD 5.5 billion.

As reported, on December 7, Ukrainian President Volodymyr Zelensky held a phone conversation with IMF Managing Director Kristalina Georgieva. Following the conversation, the parties noted that Ukraine and the IMF had reached a staff-level agreement on a new cooperation program.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2020 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: