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IMF tranche will help Ukraine overcome effects of COVID-19 crisis – Zelensky

IMF tranche will help Ukraine overcome effects of COVID-19 crisis – Zelensky
3 of August 2021 г.
A tranche of more than USD 2.7 billion from the International Monetary Fund (IMF) will be a great gift to Ukraine on the eve of the 30th anniversary of independence, President Volodymyr Zelensky has said.

He said this while commenting on the relevant decision of the Fund, Ukrinform reports with reference to the President's Office.

Ukraine is expected to receive the tranche on August 23.

"It will be a great gift for our country on the 30th anniversary of independence. These funds will help overcome the effects of the COVID-19 crisis and boost our economy. I am grateful to the IMF and personally to Kristalina Georgieva for this decision," the president stressed.

Zelensky also noted that cooperation with the IMF is very important for our country, so Ukraine continues to implement reforms and structural beacons to receive a new tranche under the current stand-by program.

"We are working to complete the first revision of the current program of the International Monetary Fund and expect an IMF mission in September. I emphasized this during our phone conversation with Mrs. Kristalina Georgieva," he said.

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