Press Release No. 13/111

Press Release: IMF Mission Continues Discussions on a Stand-By Arrangement with Ukraine

April 10, 2013

An International Monetary Fund (IMF) mission visited Kyiv during March 27-April 10, to discuss economic policies that could be supported by a Stand-By Arrangement with the IMF. At the conclusion of the visit, Christopher Jarvis, Mission Chief for Ukraine, issued the following statement today in Kyiv:

"The mission held productive discussions with the Ukrainian authorities on economic policies that could be supported by a Stand-By Arrangement with the IMF. The key building blocks of a new program would be measures to reduce Ukraine’s fiscal and external current account deficits, and energy sector and banking reforms, in order to create the conditions for sustained economic growth and job creation in Ukraine. The mission made good progress in discussing these issues, and our dialogue will continue in the coming weeks.”