Cooperation with IMF is crucial to Ukraine's macroeconomic stability – Zelensky

Cooperation with IMF is crucial to Ukraine's macroeconomic stability – Zelensky

President Volodymyr Zelensky says that cooperation with the International Monetary Fund (IMF) is crucial to ensuring macroeconomic stability in Ukraine.

He said this at the first annual international conference "Ukraine: Investment Harbor in the Time of Change" held in Kyiv on December 11, an Ukrinform correspondent reports.

“For us, the key task for 2021 is to ensure the rule of law, increase investor confidence and protect their rights. This is also important in the context of continuing cooperation with the International Monetary Fund, which is critical to ensuring macroeconomic stability in Ukraine,” Zelensky said.

According to the President, in 2020 Ukraine has carried out "historic reforms, supporting the business community." In particular, the country adopted legislation on the land market, established transparent tax rules and provided affordable loans to support business. Also, success was achieved in privatization, and the first concession agreements were signed.

In addition, he recalled that the digital platform Diia had been launched for business and citizens, which, according to the head of state, "placed Ukraine among world's leading countries with digital passports and online services."

“We will continue to create a favorable environment in Ukraine so that business can invest, expand its activities and create new jobs,” Zelensky promised.

As Ukrinform reported, the Ministry of Finance of Ukraine successfully completed negotiations with the IMF on the main parameters of the draft state budget for 2021. This was one of the main prerequisites for starting the first revision of the Stand-By Arrangement, determining the date of a visit of the IMF mission to Ukraine and receiving the next tranche.


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