Continued cooperation between Ukraine and IMF discussed at meeting between Prime Minister and Fund mission
On 26 May, Prime Minister of Ukraine Denys Shmyhal held a meeting with a mission from the International Monetary Fund (IMF), led by mission chief, Gavin Gray. The discussion focused on support for Ukraine and further cooperation.
The Head of Government highlighted the success of the seven previous reviews of the programme, which enabled the attraction of financial resources to support Ukraine’s macroeconomic stability. In total, according to Denys Shmyhal, Ukraine has received approximately USD 10.1 billion through the Extended Fund Facility (EFF) programme.
The Prime Minister noted that the Fund’s mission is currently finalising work on the eighth review of the programme, which is expected to provide a tranche of approximately USD 500 million.
“We are hopeful for a positive outcome for our country,” stressed Denys Shmyhal, adding that the Government continued to reform the economy by implementing systemic changes.
Among the priorities, he mentioned improving public investment management mechanisms, enhancing customs operations, and improving the investment climate.
The meeting also addressed the involvement of the financial sector in Ukraine’s recovery processes. The parties discussed investments in reconstruction and the use of frozen russian assets.
“Ukraine is committed to a path of reforms carried out in close cooperation with the Fund. I am convinced that the IMF remains a reliable partner for Ukraine, and we highly value its trust and support during these challenging times for our country. Together, we are working to maintain financial stability and develop the economy for a successful future for Ukraine on its path to the EU,” emphasised Denys Shmyhal.