Azernews.Az

Friday July 4 2025

IMF reaches agreement with Kiev on $5.5 bln loan - statement

8 December 2019 12:26 (UTC+04:00)
IMF reaches agreement with Kiev on $5.5 bln loan - statement

By Trend

The International Monetary Fund (IMF) has reached an agreement with Ukrainian authorities on a new three-year lending program worth $5.5 bln, IMF Managing Director Kristalina Georgieva said in a press release after a telephone conversation with Ukrainian President Vladimir Zelensky, Trend reports citing TASS.

"I was pleased to note that IMF staff has reached agreement with the authorities on the policies to underpin a new 3-year, SDR [Special Drawing Rights - TASS] 4 billion (about US$ 5.5 billion) arrangement under the Extended Fund Facility," Georgieva said.

The call with Vladimir Zelensky was very constructive, the IMF Managing Director said. "I assured the President of the IMF's readiness to support the authorities’ policy agenda to maintain macro-economic stability and lift the economy to a path of higher, sustainable, and inclusive growth, including with a new IMF-supported program," Georgieva said.

"This agreement is subject to IMF management approval and to approval by the Executive Board, and effectiveness of the arrangement will be conditional on the implementation of a set of prior actions," she added.

---

Follow us on Twitter @AzerNewsAz

Here we are to serve you with news right now. It does not cost much, but worth your attention.

Choose to support open, independent, quality journalism and subscribe on a monthly basis.

By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.

Subscribe

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Loading...
Latest See more