The IMF tranche will help overcome coronacrisis and stimulate the Ukrainian economy – Volodymyr Zelenskyy

Ukraine will receive more than $2.7 billion from the International Monetary Fund without any additional conditions. President Volodymyr Zelenskyy stated that these funds will help overcome the consequences of the coronacrisis and stimulate the economy of our country.

This was reported by UA with reference to the Office of the President.

Ukraine is expected to receive the tranche on August 23.

“It will be a great gift for our country on the 30^th anniversary of independence. These funds will help overcome the effects of the COVID-19 crisis and boost our economy. I am grateful to the IMF and personally to Kristalina Georgieva for this decision” – the President of Ukraine said.

Volodymyr Zelenskyy noted that cooperation with the IMF is very important for our state, therefore Ukraine continues implementing reforms and carries out structural beacons to receive a new tranche under the current stand-by program.

“We are working on completing the first revision of the current program of the International Monetary Fund and expect the IMF mission in September. I noted this during our telephone conversation with Ms. Kristalina Georgieva,” Volodymyr Zelenskyy said.

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