Ukraine needs to start talks with IMF on a new financial program this year

Open source

Ukraine has to continue fulfilling its obligations under the current International Monetary Fund (IMF) program, as well as to begin negotiations on a new cooperation program this year.

This was reported by the press service of the National Bank of Ukraine, citing the National Bank Governor Yakiv Smolii during a meeting with a chief economist at the European Bank for Reconstruction and Development, Sergei Guriiev.

It is noted that the participants discussed the prospects for Ukraine’s foreign debt servicing, the process of preparing for the international financial organizations entry into the capital of state-owned banks and the EBRD potential participation to this end, as well as the development of e-payments.

According to the National Bank, the EBRD representatives expressed support for the policy of flexible exchange rate and the NBU inflation targeting regime, which the National Bank adheres to, and also stressed the need to preserve the regulator’s independence.

As The Journalist reported, IMF will return to Kyiv after parliamentary elections and establishing of new Cabinet’s policy.

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