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The decision of the IMF is another important signal of progress - Poroshenko

  • The decision of the IMF is another important signal of progress - Poroshenko

Kyiv: The decision of the International Monetary Fund to adopt a new program for Ukraine is another important signal for the recognition of our country's indisputable progress in macroeconomic stabilization and evidence of success in reform efforts.

This was written by the President of Ukraine Petro Poroshenko on Twitter.

The head of state recalled that the IMF Board of Directors approved a new stand-by assistance program for Ukraine for 14 months in the amount of 3.9 billion US dollars.

“It was also decided to allocate the first tranche of $1.4 billion under this program. The IMF decision is another important signal for acknowledging our unconditional progress in macroeconomic stabilization and evidence of success in reform efforts. Surely, we are going further!” Poroshenko wrote.

We recall that the Board of Directors of the International Monetary Fund decided to approve a new 14-month stand-by economic policy support program for Ukraine totaling $3.9 billion, the first tranche in which $1.4 billion should be received up to 25 December.


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