IMF experts make good progress in discussions in Ukraine
This is stated in a statement by IMF Resident Representative in Ukraine Goesta Ljungman.
“The IMF staff team that visited Kyiv has made very good progress in discussions on legislation to support growth and ensure stability, and the discussions will continue in the coming days,” the statement reads.
On February 20, a team of IMF experts, led by Mr. Ron van Rooden, began its work in Kyiv.
On January 18, 2020, IMF Managing Director Kristalina Georgieva said that Ukraine should fulfill preliminary requirements for the launch of a new Extended Fund Facility (EFF) program worth $5.5 billion. According to her, Ukraine and the IMF have reached a staff-level agreement that stipulates the fulfillment of certain preliminary requirements.
In December 2019, the IMF agreed with the Ukrainian government on a new three-year EFF program for 4 billion Special Drawing Rights (SDRs), or about $5.52 billion.
ish
