Ukraine Tries to Put Its IMF Program Back on Track

MIN READNov 23, 2020 | 23:20 GMT

Lawmakers in Ukraine’s parliament vote on a banking reform bill aimed at unlocking financial support from the International Monetary Fund on May 13, 2020, in Kyiv, Ukraine.

(STR/AFP via Getty Images)

Ukraine is poised to get its nascent program of economic reforms back up and running in order to regain key financial support from the International Monetary Fund (IMF). By signaling to others that the country is a worthwhile investment, the move will also help Kyiv raise sufficient external funds in the coming year to better manage its external debt. IMF negotiators are tentatively expected to take place in Kyiv in December following conversations between President Volodymyr Zelensky, National Bank of Ukraine (NBU) Governor Kyrylo Shevchenko and IMF Managing Director Kristalina Georgieva. Given the current conditions of the COVID-19 pandemic, IMF staff would have unlikely chosen to travel without a high chance of success....

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