Today during a phone conversation, President of Ukraine Volodymyr Zelensky and Managing Director of the International Monetary Fund Kristalina Georgieva agreed on a new 3-year Staff-Level Agreement under the IMF’s Extended Fund Facility. This is stated in an official press release of the Fund.
“It is symbolic that we reached the Staff-Level Agreement on the 100th day of the work of the Government. Support from such large institutions is a mark of trust from international community to Ukraine. This means the resources will be cheaper. For business and citizens this, in its turn, means that the economy will grow faster, and the employment rate and salaries will increase,” Prime Minister of Ukraine Oleksiy Honcharuk noted.
The Head of the Government added that over the past three months as a result of the trust to Ukraine the resources the State had been attracting became cheaper. The Government plans on attracting even cheaper resources with each passing month.
The International Monetary Fund also highlighted the remarkable progress that the President and the Government had made in recent months in conducting reforms and continuing sound economic policies.
“The new program with the Fund is a signal to Ukrainian and international business that Ukraine will accelerate economic growth on the basis of macroeconomic stability. On this way of ours we have complete support of our official financial partners,” the Minister of Finance of Ukraine Oksana Markarova said.