Shmyhal says Ukraine hopes for launch of new $15B program with IMF

Ukrainian Prime Minister Denys Shmyhal has met in Kyiv with IMF Managing Director Kristalina Georgieva and the IMF team and said Ukraine hopes for the launch of a new program worth more than $15 billion.

According to Ukrinform, Shmyhal reported this on his Telegram channel.

"We discussed mechanisms for financial support for Ukraine. We achieved success in the implementation of a monitoring program. In particular, we finalized the implementation of all structural benchmarks. Therefore, we are counting on the launch of a new multi-year large program worth more than $15 billion," Shmyhal said.

It is planned that the program with the IMF will consist of two parts, including immediate financial support and support for structural reforms that will contribute to recovery, Shmyhal said.

He added that he was pleased to hear the IMF's appreciation of the government's efforts to maintain macroeconomic stability and continue key reforms despite the war.

"We thank the IMF for its important support for Ukraine, which strengthens us in the fight for our freedom and democratic values," Shmyhal said.