"This last week, very good progress has been made in the discussions with the Ukrainian authorities on the new Extended Fund Facility (EFF) arrangement. Adoption of legislation to improve the bank resolution framework and on land reform would allow moving forward quickly with finalizing the parameters of the new arrangement, with larger access than previously envisaged", reads the statement.
On March 22, President of Ukraine Volodymyr Zelensky and IMF Head Kristalina Georgieva discussed an increase in assistance to Ukraine during the coronavirus epidemic in a telephone conversation.
As we reported, the European Investment Bank (EIB) plans to provide Ukraine with 40 million euros. These funds will be used in order to take the necessary measures in overcoming the spread of coronavirus in Ukraine.