The seal of the International Monetary Fund is seen at IMF Headquarters in Washington, DC, April 11, 2019.

Photo by AFP

The National Bank of Ukraine (NBU) and the International Monetary Fund (IMF) have begun joint work on a new cooperation program, the NBU press service said on Facebook.

According to the report, on September 12 the first meeting of the NBU board with the IMF mission, which arrived in Ukraine, took place.

It was attended by NBU Governor Yakiv Smolii, his first deputy Kateryna Rozhkova and deputy Oleg Churiy, as well as representatives of the IMF mission led by Ron van Rooden.

During the meeting, Smolii emphasized that cooperation with the IMF is extremely important to support macro-financial stability in Ukraine, primarily because it is the key to further reforms in the country, without which a long-term growth of the Ukrainian economy is impossible. Also, cooperation with the IMF provides Ukraine with access to official and private financing.

IMF representatives expressed their intention to continue a constructive dialogue on a new cooperation program, the report said.

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