The parties discussed the strengthening of financial cooperation and the reform process in Ukraine.
Prime Minister of Ukraine Denys Shmyhal on November 20 held a meeting via video conference with Director of the European Department of the International Monetary Fund, Alfred Kammer.
“The parties discussed the strengthening of financial cooperation, the process of reform implementation in Ukraine, and the fulfillment of structural ‘benchmarks’ envisaged in the Memorandum Ukraine had signed with the IMF on the Stand-By Arrangement,” the Cabinet press service reported.
Shmyhal has called cooperation with the IMF “a marker of stability.”
“The support of the International Monetary Fund is a marker of stability for Ukraine, the entire international financial environment, and the banking market,” the press service quoted the prime minister as saying
Shmyhal has also expressed hope that the IMF will send a positive signal on supporting the agreements reached between Ukraine and the European Commission for the disbursement in the near future of the next tranche of macro-financial assistance.
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- On November 18, President Volodymyr Zelensky spoke over the phone with IMF Managing Director Kristalina Georgieva, saying Ukraine had fulfilled all the “structural benchmarks” for the IMF to review the existing Stand-By Arrangement.
- On June 12, Ukraine received the first tranche of the IMF loan under the SBA worth $2.1 billion. The Ministry of Finance plans to receive the second tranche under the same arrangement before year-end.