IMF Executive Board to meet on Ukraine on Dec 18

The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on Ukraine on December 18.

Ukraine and the IMF earlier reached a staff-level agreement on a new, 14-month Stand-By Arrangement (SBA) worth US$3.9 billion, the IMF said on its website. The SBA is subject to IMF Executive Board approval.

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IMF Managing Director Christine Lagarde said that all prior actions "are expected to be completed by the Ukrainian authorities by December 10, 2018, and a meeting of the Executive Board to discuss the Stand-By Arrangement would be convened promptly after that."

As UNIAN reported earlier, Ukrainian President Petro Poroshenko announced on November 29 that, according to the IMF's preliminary estimates, the key indicators of the state budget of Ukraine are in line with the parameters agreed with the Fund.

Lagarde also confirmed the IMF's readiness to continue the good cooperation with Ukraine and to support the country in the implementation of its reforms.

The IMF says it stands ready to provide Ukraine with appropriate technical assistance to help improve Ukraine's fiscal policies and tax administration.