KYIV: Ukraine must make more progress on reforms to unlock the next part of a $5 billion loan, the International Monetary Fund (IMF) representative in Kyiv said on Saturday, after what he described as productive talks.
“Discussions will continue,” Goesta Ljungman said in a statement.
Online negotiations with the IMF mission, which ran from late December to Feb. 12, focused on strengthening governance of the central bank, improvements to the legislative and regulatory framework for bank supervision and resolution, policies to reduce the medium-term fiscal deficit, legislation restoring and strengthening the anti-corruption framework and the judiciary, as well as on energy policy, he said.
Following the IMF statement, Ukraine’s Prime Minister Denys Shmygal said the government would take into account recommendations suggested by the mission.
“Have agreed on the next steps … and clearly understand the expected results,” Shmygal wrote on Twitter, without giving details.