International Monetary Fund (IMF) has ruled out the possibility of halting cooperation with Ukraine because of delays in completing the second revision of the Extended Fund Facility (EFF) programme for Ukraine, Deputy Spokesman of the IMF Communications Department William Murray has said.
A meeting of the group of member countries of the International Monetary Fund (IMF) and the World Bank chaired by the Netherlands will be held in Kyiv in early June, the Ukrainian Finance Ministry said in a press release.
The proper work of the government and the National Bank of Ukraine (NBU) in the past 15 months has created enough margin of safety and stability and there is no need to change the Extended Fund Facility (EFF) of the International Monetary Fund (IMF) launched for Ukraine in 2015 due to the political crisis, Finance Minister of Ukraine Natalie Jaresko has said.
The implications for Ukraine's sovereign credit profile of the political crisis which saw two parties leave the governing coalition will depend on whether IMF disbursements are further delayed and official lenders' willingness to support Ukraine is weakened, Fitch Ratings said in a press release on February 23.
International Monetary Fund Chief Christine Lagarde has expressed concerns over the sudden intentions of Ukrainian Economic Minister Aivaras Abromavichus to resign form this post.
Ukraine expects to receive the first tranche under a new enhanced agreement with the IMF before the end of February, Ukrainian Finance Minister Natalie Jaresko said in an interview with France 24 TV channel.
Ukraine's finance minister says the country expects to receive up to $10 billion from foreign sources this year, including the International Monetary Fund (IMF). Natalie Jaresko was quoted by Ukrainian media as making the statement during a cabinet meeting on January 26.
Managing Director of the International Monetary Fund (IMF) is positive about the completion of the second review of the Extended Fund Facility program with Ukraine, which paves the way for disbursing a new tranche to the country.