IMF positively assesses Ukraine’s fulfillment of Stand-By conditions

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A technical mission of the International Monetary Fund (IMF), which ended its work in Ukraine last week, has positively assessed the implementation of the conditions of a new cooperation program. The IMF’s assessment mission is expected to arrive in May-June, Ukrinform reports.

“In December of last year, a new program [for cooperation between the IMF and Ukraine] was approved. The first revision of this program will be in May-June. Last week, the IMF’s technical mission completed its work; it is not an assessment mission, it is a technical mission that comes to see our progress in the program. The technical mission positively assessed the implementation of the conditions [of the program],” Finance Minister Oksana Markarova stated.

At the end of last year, the IMF Executive Board approved a 14-month Stand-By Arrangement (SBA) for Ukraine worth a total of $3.9 billion.

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