The mission of the International Monetary Fund (IMF) started its work in Ukraine, Interfax-Ukraine news agency reported on Thursday.
The IMF mission headed by Nikolay Gueorguiev will stay in Ukraine till October 29th, to conduct consultations with the government authorities. The mission will assess the macroeconomic situation and discuss with the authorities on a broad range of economic issues and medium-term development plans. Among the main issues on the agenda is the resumption of the IMF's Stand-By Arrangement, which provides a loan package for Ukraine in total amount of 15 billion US dollars. The last IMF mission which worked in Ukraine from March 27 to April 10, 2013, published a report, containing several challenging conditions for Ukrainian government, necessary to resume the Stand-by program. Those conditions among others included the increase of gas prices and utilities rates for domestic households and the devaluation of Ukraine’s national currency, the hryvnia.