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Ukraine’s President, heads of financial departments meeting with IMF Managing Director

January 21, 17:16 UTC+3 DAVOS
Earlier, Finance Minister Jaresko said that Ukraine hoped that in late January, the IMF could decide to send a new tranche to the country
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President of Ukraine Petro Poroshenko and Managing Director of the International Monetary Fund Christine Lagarde

President of Ukraine Petro Poroshenko and Managing Director of the International Monetary Fund Christine Lagarde

© EPA/SERGEY DOLZHENKO

DAVOS, January 21. /TASS/. President of Ukraine Petro Poroshenko, Finance Minister Natalie Jaresko, and Governor of the National Bank of Ukraine Valeria Gontareva are meeting with Managing Director of the International Monetary Fund (IMF) Christine Lagarde on the sidelines of the World Economic Forum in Davos, TASS correspondent reports from the scene.

The correspondent noted that the meeting attendees entered a conference room, surrounded by reporters, but did not give any comments on the subject of negotiations.

After the meeting, Finance Minister Jaresko told reporters that together with the representatives of the IMF they discussed a range of issues of economic cooperation with the Fund.

"We discussed economic development, the outlook for the Ukrainian economy, our program and projects for the near future. We are trying to finish the negotiations on a memorandum to be able to receive the next tranche in the near future. Maybe after the second review," she said.

Earlier, Finance Minister Jaresko said that Ukraine hoped that in late January, the IMF could decide to send a new tranche to the country.

According to her, the IMF mission has completed its assessment of the budget and a corresponding set of laws necessary for approval of the budget for 2016. The IMF agreed that the adopted budget was consistent with the objectives of the program.

Ukraine hopes to receive a $10 bln loan from the IMF in 2016. In 2015, the IMF and other international organizations gave the country $11 bln. At the same time, Ukraine has not repaid $3 bln to Russia in 2015.

On December 17, the Board of Directors of the IMF recognized the official status of Ukraine’s debt to Russia’s as sovereign.

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