Ukraine expects positive completion of latest IMF mission’s work

The Ukrainian authorities will reach a consensus with the mission of the International Monetary Fund now operating in Kyiv, which will lead to Ukraine receiving the fifth IMF loan disbursement under the Extended Fund Facility, acting head of the National Bank of Ukraine Yakiv Smolii told reporters on the sidelines of the annual research conference co-organized by the NBU and the National Bank of Poland, with the support of the Government of Canada and the Kyiv School of Economics.

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Smolii recalled that the mission would be working with the central bank, the Ukrainian government, and the presidential administration in four key areas: pension reform, land reform, the anti-corruption court and the strategy for the development of state-owned banks.

Read alsoHeadless Central Bank"I believe we will reach a consensus on all these issues, and we will obtain another disbursement," he said. At the same time, Smolii evaded naming the deadlines for the provision of the IMF loan tranche, recalling that Ukraine theoretically may see another two or three revisions of the EFF program.

"We expect the total amount will be at $4.5 billion, and the term will depend on when the IMF Executive Board of Directors takes a decision," he said.

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