An International Monetary Fund mission began its work in Poland , where a new $16 billion loan program for Ukraine will be discussed.
It is reported by Radio Liberty.
“The IMF mission led by Gavin Gray is starting discussions today with representatives of the Ukrainian authorities in order to prepare for the revision of the Monitoring Program with the participation of the Board of Directors,” Radio Liberty reports.
Earlier, Bloomberg reported that the IMF could approve a new $16 billion financial support program for Ukraine in March, citing its own sources.
Approval of the program depends on the fulfillment of a number of conditions. In particular, the approval of the G7 states and other donors and creditors of Ukraine is required.
Also, the IMF itself should change its rules for lending to countries at war. Also, Ukraine must commit itself to implement certain reforms agreed with the fund.
We wrote more about the conditions set by the Fund for the resumption of lending to Ukraine in a separate article .
Earlier, we wrote that Ukraine, in the conditions of the IMF’s unwillingness to immediately allocate significant funding, requested the Fund to provide a four-month PMB Monitoring Program , which the Fund approved on December 20.
Source : Strana Today