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On March 5, the IMF announced the Fund would provide about US$50 billion in quick financing for low-income and developing economies to tackle the negative effects of the coronavirus epidemic.
Governor of the National Bank of Ukraine (NBU) Yakiv Smolii has said in the coming weeks Ukraine expects the result of consultations with the International Monetary Fund (IMF) regarding the possible receipt of funding in connection with the coronavirus epidemic.
"We are also consulting with the IMF regarding Ukraine's possible financing within the framework of the emergency financial assistance mechanisms that the Fund has envisaged to overcome the problems of low-income and developing economies that are suffering from the effect of the coronavirus epidemic. The results of the negotiations will be in the coming weeks," he said in a statement, as reported on the NBU's website.
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According to Smolii, the National Bank maintains direct contact with the European Central Bank and the International Monetary Fund regarding the new extended fund facility.
As UNIAN reported earlier, Ukraine and the IMF in December 2019 reached a staff-level agreement on the new extended fund facility for Ukraine worth US$5.5 billion.
The decision on the new program is yet to be approved by the IMF Executive Board, while no date for consideration of the Ukraine issue has been scheduled so far as Ukraine has not fulfilled all conditions set for the program to be launched.
On March 11, Prime Minister Shmyhal announced Ukraine would fulfill these conditions within two to three weeks.
On March 5, the IMF announced the Fund would provide about US$50 billion in quick financing for low-income and developing economies to tackle the negative effects of the coronavirus epidemic.
A total of US$10 billion of this amount will be available at zero interest rates for the poorest participating states through a quick loan facility.