Transition to a stand-by program facilitates the allocation of financial support during an epidemic
Ukraine’s President Vladimir Zelensky held a telephone conversation with Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF). In a conversation, Ms. Georgieva said approval by the IMF Board of Directors of the first installment of the agreed stand-by program for the next 18 months would be in the near future. Information Published Office of the President.
The negotiators agreed that the transition to a stand-by program facilitated the allocation of financial support during an epidemic. It has also been reported that the head of the IMF welcomed the adoption of legislation on reforming the banking regulatory system, noting that it protects taxpayers in Ukraine.
Earlier, Ukraine’s Prime Minister Denis Shimgal said that Ukraine would receive the first installment from the IMF in early June. It can amount to $ 5 billion.
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Earlier, the IMF introduced a plan to save the global economy. According to the fund’s head, Kristalina Georgieva, the IMF identifies three priorities in overcoming the crisis: financing health systems, supporting critical systems to provide homes and businesses, and preparing for post-crisis economic recovery making plans.
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