REUTERS
Ukraine and the IMF in December 2019 reached a staff-level agreement on a new three-year EFF worth $5.5 billion.
A team of experts with the International Monetary Fund, Ukraine's key creditor, have begun their work in Kyiv, that's according to the IMF's representative office in Ukraine.
Earlier, the representative office announced the team's visit aimed to discuss with Ukrainian authorities the policies toward accelerating economy growth and maintaining stability.
As UNIAN reported earlier, Ukraine authorities and the IMF staff had reached a staff-level agreement on policies to underpin a new three-year US$5.5 billion Extended Fund Facility, while the Fund's Executive Board is yet to approve the program.
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Governor of the National Bank of Ukraine (NBU) Yakiv Smolii said a decision on the new EFF might be approved in the first quarter of 2020.
Speaking about preconditions for concluding an agreement on the new program, the chief banker recalled the need to adopt laws preventing courts from returning insolvent banks to former owners and the launch of farmland trade.
Last week, in the framework of the 56th Munich Security Conference, President of Ukraine Volodymyr Zelensky had a meeting with Managing Director of the International Monetary Fund Kristalina Georgieva.