Kyiv: Ukraine has fulfilled most of its obligations to the IMF

During a meeting with representatives of the International Monetary Fund, the Acting Finance Minister of Ukraine, Oksana Markarova said that Ukraine has fulfilled most of its obligations to the Fund, as reported by the press service of the Ukrainian Ministry of Finance.

Markarova met with the head of the IMF mission, Ron van Roden and the IMF permanent representative to Ukraine, Gosta Ljungman. “The IMF’s visit is a positive move in Ukraine's relations with the Fund. Today, we have already fulfilled most of the obligations to the IMF under the current Cooperation Program,” said Markarova.

The parties discussed further steps of bilateral cooperation, including the possibility of receiving financial assistance to maintain macroeconomic stability. “Continued cooperation with the IMF will improve the country's image and create conditions for attracting funds from other international partners, especially the World Bank and the EU,” said Markarova.

One of the major obstacles, preventing Ukraine from receiving the next IMF tranche for almost a year, was IMF's demand to increase gas prices in the Ukrainian consumer market. The government of Ukraine promised to make the decision on this matter in September.

The IMF mission has arrived in Kyiv for a two-week visit. The National Bank of Ukraine is counting on the IMF decision to receive a tranche before the end of the year.

  Ukraine, IMF, EU