The Mission, headed by Ron van Ruden, will conduct meetings with authorities and will be working in Ukraine until May 18, UNIAN reports.
The mission of the International Monetary Fund, the key creditor of Ukraine, has arrived to Kyiv, as it was previously planned, the press-office of the Ministry of Finance reports.
“The mission has arrived and started working”, the press-office reports.
As it is expected, the mission, headed by Ron van Ruden will conduct meetings with authorities and will be working in Ukraine until May 18. Its key task is to discuss and complete the Second revision of the reform program, approved in March 2015.
As UNIAN reports, IMF has approved the Ukraine’s economy financing program with using Extended Fund Facility (EFF) for the total amount of USD 17.5 bln for the period of four years in March 2015. On March 13, Ukraine obtained the first tranche on the new program, amounting to USD 5 bln, second – for USD 1.7 bln, August 4, 2015.
Currently the second revision of the cooperation program is being conducted. Ukraine and IMF consider the wide spectrum of questions within the second revision, which includes different aspects of the monetary, banking, anticorruption policy, pension reform and privatization. The result of the revision should be the approved memorandum between Ukrainian authorities and the IMF Board of Governors.
Previously Minister of Finance Alexander Danyliuk noted that for Ukraine it is critically important to renew cooperation with IMF, because this gives impulse to the reform program and opens additional financial opportunities from other creditors for the country. In addition, he did not exclude that in future Ukraine will transfer to the higher level of relationships with the Fund, when the Parties will have dialogue and maintain its positions on the most sensitive aspects of the development of the economy.
On the eve of the Mission’s arrival the Fund maintained the forecast of development of Ukraine’s economy at 1.5% as per results of 2016 at inflation of 15.1%.
