Economy 2022-05-15T04:49:51+03:00
Ukrainian news
Ukraine-IMF Cooperation Negotiations Underway – IMF Representative

Ukraine-IMF Cooperation Negotiations Underway – IMF Representative

IMF, NBU, cooperation, negotiations, international monetary fund, Gerry Rice

The negotiations on cooperation between Ukraine and the International Monetary Fund continue.

This was announced by IMF representative, Gerry Rice, during a briefing in Washington, Ukrainian News Agency reports.

He said that the main issues remain the preservation of the NBU's independence and further policy of a flexible exchange rate, medium-term fiscal stability, the fight against corruption and improvement of corporate governance.

"The discussion is underway," Rice said.

As Ukrainian News Agency earlier reported, the International Monetary Fund (IMF) is expecting proposals from Ukraine to continue negotiations.

During its work in December and January, the IMF mission discussed with Ukraine the improvement of the NBU's banking supervision management, the fiscal risks for the budget deficit and the strengthening of the judicial system.

In the period from December 21 to 23 and from January 11 to February 12, IMF specialists discussed with representatives of the Ukrainian authorities the progress in the implementation of measures and reforms, which are part of the government's action program supported by the stand-by agreement, after which the IMF Resident Representative in Ukraine Goesta Ljungman said that more progress is needed in reforms in favor of completing the first revision of the program of cooperation with Ukraine.

The Ministry of Finance is not considering the scenario of non-implementation of the IMF program.