Date: 4 months ago   Category: Financial

The Ministry of Finance called advantages of the new program of the IMF


The stand by program of the IMF for $3,9 billion will provide stability in Ukraine for politically rough 2019. The new 14-month stand by program for $3,9 billion about which Ukraine has agreed with the IMF will help Ukraine to embody further the fiscal and monetary policy. So the Acting Minister of Finance Oksana Markarova considers what she has reported on Friday, October 19, in the Facebook about. According to her, this program lays the foundation for cooperation for the term which is going beyond presidential and parliamentary elections in 2019. "Good news to us is a recognition of our progress in macroeconomic stabilization and reforms, it is an opportunity to provide stability for politically rough 2019, and confirmation of belief of our partners in Ukraine", - Markarova has commented on the message of the IMF about staff level agreement. According to her, the agreement of stand-by will be a sufficient support for Ukraine while the country continues structural reforms. "Continuation of cooperation with the IMF will allow our government to receive financing on very attractive conditions and to increase currency reserves which make $18 billion now", - also Markarova has added. She has confirmed that final coordination from the Board of directors of the IMF is expected after adoption of the balanced and realistic budget-2019 by the Verkhovna Rada in the second reading. "Markers for the IMF is our readiness to be fiskalno responsible and to keep budget deficit within and under control", - the Finance Minister has explained. Earlier it became known that the International Monetary Fund and the authorities of Ukraine have agreed about economic policy concerning the new 14-month agreement of stand-by. We will note, Ukraine expects the second year the fifth tranche of the IMF. The national bank counts on the decision of the IMF concerning receiving a tranche until the end of the year. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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