Finance Minister Marchenko meets with IMF representatives.

Representatives of the International Monetary Fund (IMF) have noted Ukraine's progress in carrying out reforms needed to continue the cooperation program.

As part of his working visit to the United States, Minister of Finance Serhiy Marchenko held meetings with IMF representatives to discuss further cooperation, Ukrinform reports with reference to the press service of the Ministry of Finance.

“The IMF representatives noted the progress in carrying out the reforms in Ukraine that are necessary for the continuation of the cooperation program. The negotiations took place with the Director of the European Department Alfred Kammer, IMF Executive Director Paul Hilbers, IMF Chief of Mission to Ukraine Ivanna Vladkova Hollar, IMF Resident Representative in Ukraine Vahram Stepanyan, and other representatives of the IMF team,” reads the report.

It is noted that the talks allowed both parties to agree on the positions and reach a compromise on certain issues, including anti-corruption reform, corporate governance reform and the independence of the National Anti-Corruption Bureau of Ukraine (NABU).

The parties agreed to continue joint work to reach the Staff level agreement in the near future.

Marchenko noted that Ukraine has achieved significant results in the implementation of IMF structural beacons. He stressed that the Verkhovna Rada of Ukraine in a short time passed several laws necessary to continue the IMF Program.

"The IMF support is very important for Ukraine. And I am grateful for the support for reforms. The economic situation in the country is improving, but it is extremely crucial to be in the program of cooperation with the IMF to ensure the macroeconomic stability in Ukraine,” said Marchenko.

As reported, on June 9, 2020, the IMF approved an 18-month Stand-By Arrangement for Ukraine, with total access of about $5 billion. After the first tranche of $2.1 billion was disbursed, four program reviews and several more tranches were projected, but this plan has not been implemented yet.

iy

UkrInform

Ukraine and world news. Ukrinform brings the latest news, daily news, political news, business news, social news, cultural news, sports news, international news

https://www.ukrinform.net/

Related news
Sen. Braun welcomes unvaccinated Chicago police to Indiana: ‘You deserve respect’

Sen. Braun welcomes unvaccinated Chicago police to Indiana: ‘You deserve respect’

Sen. Mike Braun, R-Ind., joins ‘Fox & Friends Weekend’ to discuss Chicago Mayor Lightfoot’s coronavirus vaccine mandates. #FoxNews Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour a...

Heavy Rains Wash Away Furniture, Flood Cars in Spain.

Heavy Rains Wash Away Furniture, Flood Cars in Spain.

️ Heavy rains caused flash flooding Friday in the eastern Spanish region of Alicante, severely damaging homes and businesses. Rainfall of up to 100 liters per square meter fell in the town of Torrevieja, leading to the closure of a primary school....

1 14

CNN reporter confronts parents at school spreading bogus vaccine claims.

CNN reporter confronts parents at school spreading bogus vaccine claims.

Centner Academy, a private school in Miami, Florida, is spreading bogus claims about the Covid-19 vaccines and ordering students who get the shot to stay home for 30 days. CNN's Gary Tuchman has more.

1 166

Sudan at a crossroads: Is the democratic revolution being stolen? - DW News.

Sudan at a crossroads: Is the democratic revolution being stolen? - DW News.

A struggle for power is deepening in Sudan with tensions escalating between rival sides in the government. These people want democracy. Sudan has been led by a transitional council since the ouster of Omar Al Bashir in 2019. The council is made up...

Smerconish: This is why it's time to cancel 'cancel culture'.

Smerconish: This is why it's time to cancel 'cancel culture'.

CNN's Michael Smerconish warns the censors of political incorrectness that there needs to be nuance and discussion -- and there could be a political price to be paid at the polls. #Smerconish #MichaelSmerconish #CNN

Warrant: Alec Baldwin didn't know prop gun had live round.

Warrant: Alec Baldwin didn't know prop gun had live round.

An assistant director handed Alec Baldwin a prop firearm and yelled "cold gun" before the actor fired and killed cinematographer Halyna Hutchins and injured director Joel Souza, according to a court document. The "cold gun" remark was meant to ind...