Consultations with IMF on new program may start after parliamentary elections: NBU

Ukraine's central bank is in constant dialogue with the IMF.

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Governor of the National Bank of Ukraine (NBU) Yakiv Smolii has said consultations on a new program with the International Monetary Fund (IMF) may start after a new parliament in Ukraine is elected and a new government is formed.

Read alsoIMF waiting for end of parliamentary elections in Ukraine to discuss cooperation

"I think that consultations on a new program, as the Fund's representatives said, may start after the parliamentary elections and the formation of a new government," he told journalists on June 25.

According to Smolii, the National Bank is in constant dialogue with the IMF on relations between the Fund and Ukraine.

As UNIAN reported earlier, the IMF mission was working in Ukraine to assess the fulfillment of the conditions for disbursing another US$1.3 billion under the current Stand-By Arrangement (SBA) and to consider the issue to ensure criminal liability for illegal enrichment introduced within the previous program, but canceled by the Constitutional Court of Ukraine in February 2019.

Volodymyr Zelensky officially became President of Ukraine on May 20, 2019. During his swearing-in speech, he announced the dissolution of the Verkhovna Rada, Ukraine's parliament, and called on the Ukrainian government to resign.

The presidential decree on the dissolution of parliament entered into force on May 23. The early elections are scheduled for July 21.

Following an IMF mission visit to Kyiv in May 2019, the IMF said it would resume negotiations on further cooperation with Ukraine after the parliamentary elections and the formation of a new Cabinet of Ministers.

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