IMF mission arrives in Ukraine

A mission of the International Monetary Fund (IMF), led by Ron van Rooden, has started its work in Ukraine on September 6.

"At the request of the Ukrainian authorities, an IMF mission will visit Kyiv during September 6-19, 2018, to discuss recent economic developments and policies," Mr. Goesta Ljungman, the International Monetary Fund (IMF) Resident Representative in Ukraine, earlier said.

"The mission will also discuss next steps, including financial assistance from the IMF in support of policies to maintain macroeconomic stability and keep the economy on a path toward sustainable and inclusive growth," he said.

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As UNIAN reported earlier, in order to continue cooperation with the IMF, Ukraine should review the state budget for its compliance with the deficit targets in the framework of the cooperation program and ensure a transition to a market mechanism for setting gas prices for households.

In March 2015, the IMF approved a four-year EFF 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.