Shmyhal counts on further fruitful cooperation with IMF

"This [IMF] support, particularly political support, is essential to Ukraine's economic growth and defense. We count on further fruitful cooperation," Shmyhal said.

He recalled that in 1991, the IMF Executive Board voted in favor of Ukraine joining the IMF.

The main goals of cooperation with the IMF are to stabilize the Ukrainian financial system, carry out structural reforms and create the basis for sustainable economic growth. The Fund helps Ukraine renew its financial capacity by showing how to implement the reform program most effectively.

Also, cooperation with the IMF at the present stage opens up opportunities for attracting funding from other international financial institutions (the World Bank, the EBRD, the EIB, and others) and the governments of other countries, including the United States, the EU, Germany, Canada, and Japan.

Ukraine has received total funding of $14.6 billion from the IMF since the end of the Revolution of Dignity.

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