IMF: No specific dates for first review mission's visit to Ukraine yet

12:55, 10 May 2019
Economy
231 0
REUTERS

"We are in touch with the authorities. I do not have specific dates at the moment for the first review mission under the IMF program but we do expect a mission to return to Kyiv sometime in the coming weeks and that will be to assess progress under the program and discuss policies for the remainder of the year with the new administration there," Director of the Communications Department at the IMF Gerry Rice said at a press briefing on May 9.

He confirmed that IMF Managing Director Christine Lagarde had had contact with the incoming administration in Ukraine.

Read alsoLagarde: IMF stands ready to continue supporting Ukraine

"I can confirm that the Managing Director in fact has been in touch with [Ukraine's President-elect] Mr. [Volodymyr] Zelensky on his election as president of Ukraine and underscored that the IMF continues to stand ready to support Ukraine and to help it meet the challenges that lie ahead," he said.

According to him, Lagarde was also in touch at the same time with outgoing President Petro Poroshenko thanking him for close cooperation during his presidency and expressing the hope and the expectation that progress under the economic program would continue.

As was reported, the IMF Executive Board on December 18, 2018, approved a new stand-by arrangement for Ukraine. The total amount of the new 14-month program is US$3.9 billion.

Governor of Ukraine's Central Bank Yakiv Smolii said in January that Ukraine expects to receive two disbursements from the IMF in 2019 in the amount of US$1.3 billion each.

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