Ukraine Agrees New Deal with IMF

Ukraine has finally concluded talks with the IMF, and stands to receive $5.52 billion over three years. That’s according to the Office of the President of Ukraine. The office added that Ukrainian president Volodymyr Zelenskyy spoke to IMF chair Kristalina Georgieva by telephone.

“The goal of the new association agreement with the International Monetary Fund is to speed up economic growth, actively fight corruption, and to improve the welfare of all Ukrainians,” stated Zelenskyy.

IMF chair Georgieva added that the agreement will still require confirmation from the IMF’s executive board before it enters into force.

READ MORE: Ukraine Finance Minister Markarova Plans IMF Graduation by 2023

This agreement comes as a long-sought win by the Zelenskyy administration, which saw two previous IMF missions visit and leave Kyiv without success – due to what some experts have said was doubt over the government’s intentions with PrivatBank and the reappearance of infamous oligarch Ihor Kolomoisky.

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