This is the last article you can read this month
You can read more article this month
You can read more articles this month
Sorry your limit is up for this month
Reset on:
Please help support the Morning Star by subscribing here
UKRAINE’S government proposed the intensification of joint work with the International Monetary Fund on a new joint programme of co-operation today.
Prime Minister Denys Shmyhal said that he had discussed the possibility with the director of the global body’s European Department.
“I spoke about this document in a conversation with Alfred Kammer,” he said as he seeks to strengthen the Ukrainian economy.
“Ukraine and the IMF have a long history of relations. We count on the strengthening of co-operation," Mr Shmyhal said.
National Bank of Ukraine governor Kyrylo Shevchenko previously expressed support for the joint IMF programme that he expects to have a budget ranging from $15 billion to $20 billion.
According to Ukrainian Finance Minister Serhiy Marchenko, Ukraine has been handed some $12.7 billion in foreign support since February and is holding negotiations on another $14 billion.
Mr Marchenko expects to receive $6 billion later this month and a further $4.7 billion in September.
He said the “subsequent months will depend on the outcome of negotiations with our partners and the IMF.”
