The Cabinet created a working group on coordination of negotiations with the IMF

The Cabinet of Ministers has created an interdepartmental working group on the coordination of the negotiation process with the International Monetary Fund, the press service of the Ministry of Finance reported on October 21. The government approved the corresponding resolution today. This is a temporary advisory body, the purpose of which is to fulfill Ukraine’s obligations under the stand-by program.

Yuriy Butsa, government plenipotentiary for public debt management, will chair the working group. Read also: Zelensky: visa-free travel with the European Union and cooperation with the IMF nothing threatens “The Group on the part of the Ministry of Finance will also include Deputy Minister of Finance for European Integration Yuri Draganchuk, who is entrusted with the duties of Deputy Chairman of the Group, Adviser to the Minister of Finance Yulia Pashko, and Head of the Department of Cooperation with the IMF of the International Cooperation Department of the Ministry of Finance Dmitry Mantsurov – Secretary of the Working Group, ”the statement says. As reminded by the Ministry of Finance, by the end of 2020 Ukraine expects to receive $ 700 million under the current program of cooperation with the IMF.

On October 8, the IMF office in Ukraine commented on the statements of no confidence by the NBU Council in members of the National Bank’s board Ekaterina Rozhkov and Dmitry Sologub. The mission of the Fund called for ensuring the responsibility of the NBU board in accordance with the principles of managing the National Bank, developed in consultation with specialists of the International Monetary Fund. Read also: The US Embassy shares the IMF’s concern over the decision of the NBU Council on reprimand and distrust of Rozhkov and Sologub At the beginning of October, MEPs Viola von Cramon, Michael Haller and Rasa Yuknevičienė appealed to the head of the Ukrainian ruling Servant of the People faction David Arahamia with an open letter.

In this document, MEPs warned about the danger of Ukraine losing a visa-free regime and macro-financial assistance from the EU. This happened after the Verkhovna Rada included seven representatives of parliament in the selection committee for administrative positions in the specialized anti-corruption prosecutor’s office. The EU Delegation and the US Embassy said that continued support for Ukraine will depend on the transparency of the competition for the post of head of the SAP.

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