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

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

Ukrinform
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.

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