Statement by the IMF Managing Director on Ukraine
IMF News, December 7, 2019
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- Statement by the IMF Managing Director on Ukraine
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Bibliographic details
- Published: December 7, 2019
Call and context
- Date: December 7, 2019
- Press Release No. 19/446
- Ms. Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), held a telephone conversation with Volodymyr Zelenskyi, President of Ukraine.
- Ms. Georgieva described the call as "very constructive."
Assessment and IMF support
- Commendation for "impressive progress" by the President and his government in advancing reforms and continuing with sound economic policies.
- IMF readiness to support the authorities’ policy agenda to:
- maintain macro-economic stability
- lift the economy to a path of higher, sustainable, and inclusive growth
- include support with a new IMF-supported program
Agreed program terms and conditions
- IMF staff reached agreement with the authorities on the policies to underpin a new 3-year, SDR 4 billion (about US$ 5.5 billion) arrangement under the Extended Fund Facility.
- The agreement is subject to:
- IMF management approval
- approval by the Executive Board
- Effectiveness of the arrangement will be conditional on the implementation of a set of prior actions.
Priority reforms and policy recommendations
- Strengthen the rule of law.
- Enhance the integrity of the judiciary.
- Reduce the role of vested interests in the economy.
- Safeguard gains made in cleaning up the banking system.
- Recover the large costs to the taxpayers from bank resolutions.
Media contact
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Gediminas Vilkas
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- @IMFSpokesperson
Statement by the IMF Managing Director on Ukraine, December 7, 2019