IMF notes some progress in talks with Ukraine

IMF notes some progress in talks with Ukraine

Ukrinform
The International Monetary Fund remains "closely engaged" with Kyiv in the context of the first review of the Stand-By Arrangement and notes "some progress" in obtaining the next tranche, but says more needs to be done.

IMF Spokesperson Gerry Rice said this at a briefing in Washington on Thursday, June 10, according to an Ukrinform correspondent.

"We remain, I should say, closely engaged with the Ukrainian authorities on progress towards concluding that first review. That means discussions around implementing the policies and reforms in that program," he said.

Rice specified that discussions were underway on strengthening the governance of the National Bank, improvements to the legislative and regulatory framework for bank supervision and resolution, policies to reduce the medium-term fiscal deficit, as well as legislation restoring and strengthening the anti-corruption framework, and the judiciary.

"Some progress has been made but more is needed before completion of that first review," Rice said.

On June 9, 2020, the IMF approved an 18-month Stand-By Arrangement for Ukraine, with total access of about $5 billion. Following the immediate disbursement of the first tranche of about $2.1 billion, four program reviews were projected, and upon their completion, the IMF makes decisions on the allocation of the next tranches.

op

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Extended searchHide extended search
By period:
-