Ukrainian President Petro Poroshenko is determined to continue cooperation between Ukraine and the International Monetary Fund (IMF).
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"It is clear the macro-financial stabilization has been achieved due to cooperation with the International Monetary Fund, and I am determined to continue it," the president said at a meeting of the National Investment Council in Kyiv on May 25.
UNIAN memo. In March 2015, the IMF approved a four-year EEF loan program for Ukraine under which $17.5 billion will be disbursed. Under the program, Ukraine has received only four disbursements from the Fund to the tune of $8.7 billion due to the slow implementation of the agreed reforms. The program is expiring in March 2019. However, the National Bank of Ukraine and the Finance Ministry expect to receive $1.9 billion from the IMF in 2018.
The key requirements of the IMF to continue cooperation include passing a law on setting up an independent anti-corruption court consistent with the recommendations of the Venice Commission, as well as bringing gas prices to import parity and providing a mechanism for their automatic regulation, with a change in the price conjuncture.
