IMF reveals details of upcoming Ukraine meeting

The Fund acknowledges certain Ukraine achievements in stabilizing the economy, while also noting disappointment over anti-corruption performance and governance issues.

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At a meeting with the Ukrainian leadership, the mission of the International Monetary Fund will first of all discuss the issue of cleansing the banking sector, that's according to Poul Thomsen, Director of the IMF European Department.

In general, the organization hopes for speedy completion of negotiations, Thomsen told Voice of America.

The official acknowledged certain Ukraine achievements in stabilizing the economy, while also noting the Fund's disappointment over anti-corruption performance and governance issues.

Read alsoIMF mission to start work in Kyiv on Nov 14

Among positive developments, Thomsen pointed at a successful stabilization of macroeconomics, good fiscal and monetary policies, independence of the central bank, and the launched purge in the financial sector.

As per anti-corruption work and governance, the Fund believes the new government should strengthen efforts in these areas, the IMF official said.

As UNIAN reported earlier, the IMF mission will arrive in Ukraine on November 14 to discuss with the Ukrainian leadership a new three-year Extended Fund Facility to replace the existing stand-by program.

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