Statement by the IMF Managing Director on Ukraine
IMF News, March 26, 2020
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- Statement by the IMF Managing Director on Ukraine
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Bibliographic details
- Published: March 26, 2020
Press and contact details
- Press Release No. 20/112
- Date: March 26, 2020
- IM F Communications Department — MEDIA RELATIONS
- PRESS OFFICER: Gediminas Vilkas
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Twitter: @IMFSpokesperson
Summary of Managing Director's statement
- “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.”
Key policy actions and conditions noted
- Continued discussions between IMF and Ukrainian authorities on a new Extended Fund Facility (EFF) arrangement.
- Legislative actions identified as enabling steps:
- Adoption of legislation to improve the bank resolution framework.
- Adoption of legislation on land reform.
- Expected outcome if legislation is adopted:
- Ability to move forward quickly with finalizing the parameters of the new arrangement.
- New arrangement projected to have larger access than previously envisaged.
Source: Statement by the IMF Managing Director on Ukraine — Press Release No. 20/112, March 26, 2020.