Stand-By Arrangement: Shmyhal, Kammer discuss implementation of structural beacons

Stand-By Arrangement: Shmyhal, Kammer discuss implementation of structural beacons

photo
Ukrinform
Prime Minister of Ukraine Denys Shmyhal discussed with Director of the European Department at the International Monetary Fund Alfred Kammer the implementation of structural beacons provided for in the IMF-Ukraine Memorandum under the Stand-By Arrangement.

The meeting took place in a video conference format on November 20, the Government portal reports.

“The parties discussed the strengthening of financial cooperation, the process of reforms in Ukraine and the implementation of structural beacons provided for in the Memorandum of Ukraine with the IMF under the Stand-By Arrangement,” the statement reads.

As noted, the Prime Minister thanked the International Monetary Fund for its consistent and unwavering support aimed to provide Ukraine’s macro-financial stability.

"The support of the International Monetary Fund is a marker of stability for Ukraine, the entire international financial environment and the banking market. Our teams work almost every day, and I express gratitude for the practically round-the-clock work," said Denys Shmyhal.

The Head of Government expressed hope that the IMF would send a positive message of support for the agreements between Ukraine and the European Commission for the disbursement of the next tranche of macro-financial assistance in the near future.

As reported, President of Ukraine Volodymyr Zelensky had a phone conversation with Managing Director of the International Monetary Fund Kristalina Georgieva on November 17.

Zelensky thanked the Fund's team for the decision to increase the first SBA tranche up to $2.1 billion, which allowed Ukraine “to go through this period and finance the expenditures for healthcare, social programs and financial obligations”.

ol


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 ukrinform.net 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 ukrinform.net 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:
-