Talks on new IMF program go well in Ukraine

Negotiations on a new program of cooperation with the International Monetary Fund (IMF) are in an active phase, the Ukrainian cabinet of ministers said on its official website on Thursday.

“The IMF mission started their work in Kiev on September 12 and continues to hold the meetings with government officials according to a schedule. Negotiations between Ukraine and the IMF are in an active phase. The 14-month program under the Stand-By Arrangement remains in force. It was developed as a transitional program to promote the macroeconomic stability of Ukraine during the two rounds of elections: the presidential and the parliamentary ones,” the government’s press service reported.

During the visit to Kiev, the IMF mission reviewed the situation in Ukraine, the government’s plans for the next few years, and a vision on future cooperation with the fund.

According to Ukrainian Prime Minister Oleksiy Honcharuk, the IMF mission might open a new cooperation program with Ukraine by the end of this year.