IMF Mission Begins Its Work in Ukraine

IMF representatives will conduct remote negotiations with the Ukrainian authorities for three days this week and will continue in the new year. On Monday, December 21, the IMF mission will begin the first loan agreement revision for Ukraine in the stand-by format, the IMF office in Ukraine told Interfax-Ukraine. Discussion of recent economic events and measures and reforms required to complete the first revision, will be held remotely. The mission is expected to operate for three days this week and then resume meetings at the end of the New Year holidays in January 2021. Deputy Head of the National Bank Ekaterina Rozhkova also spoke about cooperation with the IMF mission, UNN reported. "If we talk about any additional measures, today the National Bank has fulfilled all the prerequisites for the mission to start its review. You know that the state budget approval is a traditional structural beacon for this time of the mission, and it was also approved Therefore, in principle, from the point of view of important and fundamental things - they have been done, and the mission starts work today, "she said. Rozhkova noted that all the structural beacons of the IMF to continue cooperation and receive the next tranche have been completed. The Cabinet of Ministers expects the next IMF tranche in the first quarter of next year.