International
15:13 8 December 2019
Post by: WBJ

Ukraine will get $5.5 bln loan from IMF

Ukraine will get $5.5 bln loan from IMF
source: Pixabay

Ukraine and the International Monetary Fund (IMF) have agreed on a new, three-year assistance program for the country worth $5.5 billion, the managing director of IMF Kristalina Georgieva informed on Saturday after a phone call with the Ukranian President Volodymyr Zelenskiy. The deal must still be approved by the organization’s management.

“We agreed with the president that Ukraine’s economic success depends crucially on strengthening the rule of law, enhancing the integrity of the judiciary, and reducing the role of vested interests in the economy,” Georgieva added.

The International Monetary Fund's mission on the new aid program has been working in Kiev since September. The last round of negotiations ended on November 22 without any results. But its head, Ron van Rodem, said that the negotiations would continue in the coming weeks.

(Business Insider)

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ukraine
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