IMF changes mission head in Ukraine

07:19, 05 June 2013
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Nikolay Gueorguiev, a deputy division chief at the International Monetary Fund (IMF) European Department, will lead the IMF mission in Ukraine, replacing Christopher Jarvis, IMF office in Kiev announced Tuesday, according to Xinhua.

Gueorguiev will pay a short familiarization visit to Kiev in late June, the IMF press service said in a statement.

The IMF delegation completed its previous visit to Ukraine in mid-April, pledging to continue talks on a 15-billion-U.S.-dollar stand-by program in near future.

Negotiations between Ukraine and the IMF on the funding have been under way since February 2011, when the previous 15-billion-dollar loan program was frozen.

The low utility tariffs for households, high fiscal deficit and lack of reforms in the post-Soviet country still remain the main stumbling blocks in the way of a new IMF loan.

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