US EditionIMF to start mission to Ukraine soon, stresses need for anti-corruption efforts
The IMF aims to support Ukraine with a new four-year $15.5 billion lending program focused on macroeconomic stability, debt sustainability, and anti-corruption reforms after a $100 million scandal.
- On Thursday, the International Monetary Fund said it will soon begin an IMF staff mission to Ukraine, Julie Kozack, IMF spokesperson, announced, adding the team will liaise with international partners.
- Ukraine is in talks with the IMF about a new four-year lending program to replace the current four-year program, having already received $10.6 billion.
- The IMF said the mission will center on policies to safeguard macroeconomic stability and ensure debt sustainability while promoting domestic revenue mobilization, and Kozack said it is closely monitoring creditor talks.
- Anti-Corruption authorities said this week they detained five people and identified two others still at large in an alleged procurement plot at Energoatom and other state firms.
- Warrant holders last week sought a `claim reinstatement mechanism` in new bonds, and the IMF said any financing must meet `terms consistent with Ukraine's overall debt sustainability` with Western countries providing assurances due to IMF lending constraints in the fourth year of fighting.
15 Articles
15 Articles
IMF to Start Mission to Ukraine Soon, Stresses Need for Anti-corruption Efforts
The International Monetary Fund will soon begin a staff mission to Ukraine to discuss its financing needs and a potential new lending program, spokesperson Julie Kozack said on Thursday, underscoring the need for continued anti-corruption efforts in the war-torn country. Ukrainian Prime Minister Yuliia Svyrydenko on Thursday announced an audit of all state-owned companies, including in the energy sector, following an alleged $100 million corrupt…
IMF's Mission in Ukraine: Crucial Anti-Corruption Move Amidst New Loan Talks
IMF's Mission in Ukraine: Crucial Anti-Corruption Move Amidst New Loan Talks The International Monetary Fund is set to dispatch a team to Ukraine as part of a critical mission to discuss the country's financial needs and a prospective new lending program. This move, announced by IMF spokesperson Julie Kozack, underscores Ukraine's ongoing need for anti-corruption efforts amid its challenging circumstances.Ukraine is embroiled in a $100 million c…
IMF to start mission to Ukraine soon, stresses need for anti-corruption efforts
The International Monetary Fund will soon begin a staff mission to Ukraine to discuss its financing needs and a potential new lending program, spokesperson Julie Kozack said on Thursday, underscoring the need for continued anti-corruption efforts in the war-torn country.
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