Zelensky agreed about 5.5 billion dollars from the IMF

Zelensky said about the conversation with the managing Director of the IMF.

On Saturday, December 7, around midnight, on the website of the President of Ukraine was reported that he had a phone conversation with managing Director of the IMF Kristalina Georgieva. He said that an agreement was reached on further credit program of Ukraine, reports the Chronicle.info with reference to Country.

On the website Zelensky quoted Kristalina Georgieva, who said that Ukraine will receive a three-year loan in the amount of four billion (SDR).

Note that the current exchange rate of 1 SDR is equal to 1.38 USD. Total, it turns out that Kiev will allocate of 5.52 billion dollars.

“I appreciated extraordinary progress, of which the President Zelensky and his government have made over the last few months in promotion of reforms and the continuation of sound economic policies. I assured the President of the readiness of the IMF to support the political plan of the government for macroeconomic stability and improve the economy at the level of higher, sustainable and inclusive growth, including new support for the IMF. IMF staff agreed with the authorities regarding the policy of supporting a new three-year agreement in the amount of four billion special drawing rights (SDR) under the extended Fund IMF,” said Georgieva, the website of the President of Ukraine.

The IMF has also posted on its website a message about the agreements with Kiev, putting a number of conditions for the loan.

“This agreement [on crediting of Ukraine] is subject to approval by IMF management and the Executive Board, and the effectiveness of the agreement will depend on the implementation of a number of previous actions. The President [of the IMF] and I agreed that the economic success of Ukraine crucially depends on strengthening the rule of law, improving the integrity of the judiciary and reducing the role of vested interests in the economy. What is most important to guarantee the success achieved in the cleanup of the banking system and compensation major expense for taxpayers,” said Kristalina Georgieva is already on the IMF website.

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