Shmyhal to the IMF head: Ukraine expects fourth tranche amid economic recovery efforts
Kyiv • UNN
Ukraine has received three tranches of a $16 billion IMF loan under the program and is awaiting the successful disbursement of the fourth tranche, while discussing with the IMF director efforts to restore the economy and the potential confiscation of Russian assets for Ukraine's needs.
Ukraine has received three tranches from the International Monetary Fund under a $16 billion program and expects a successful disbursement of the fourth tranche, Prime Minister Denys Shmyhal said after discussing with IMF Managing Director Kristalina Georgieva economic recovery efforts and the potential confiscation of Russian assets for Ukraine's needs, UNN reports.
Details
Shmyhal called his meeting with IMF Director Kristalina Georgieva on the sidelines of the Spring Meetings in Washington "important." According to him, he thanked for "close cooperation on financial support," in particular on the $16 billion EFF Extended Fund Facility program.
This year we have already received three tranches. Ms. Georgieva noted the effective work done under the program. We expect the same successful results for the fourth tranche
According to the Prime Minister, the parties also discussed "economic recovery and the steps the government is taking in this direction." "I also emphasized the importance of confiscating Russian assets and directing them to the needs of our country. We are working with partners to create an appropriate international mechanism," Shmyhal said.
