IMF confirms readiness to cooperate with new Ukrainian government

IMF representative Gerry Rice confirmed that the Fund is ready to continue cooperation with a new government in Ukraine as soon as it is formed.

"When the government will be formed following the elections, we will be ready to continue the discussion about our further partnership with Ukraine," said Rice.

He also confirmed that the IMF mission, which came to Kyiv for two weeks to assess the reforms, continues its work and will not return to Washington ahead of schedule, as several media previously claimed.

"The mission is currently in Kyiv, they are having constructive discussions with the authorities about current events and economic policy," said the IMF representative.

Earlier it was reported that President Volodymyr Zelensky will hold talks with the IMF mission. According to the previously approved program, Ukraine can receive two tranches of 1.3 billion US dollars each.

The IMF also announced the list of reforms that should be implemented in Ukraine, such as land reform, privatization of state enterprises, cancellation of control over gas prices, improvement of tax and customs services. In general, the National Bank expects to attract $2 billion in loans from the International Monetary Fund (IMF) in 2020 and 2021, as well as $3 billion from the placement of Eurobonds next year and $3.5 billion in 2021.

  Ukraine, IMF, Kyiv