09:22 GMT +319 November 2019
Listen Live
    Ukrainian President Petro Poroshenko welcomes International Monetary Fund (IMF) Managing Director Christine Lagarde ahead of their meeting in Kiev, Ukraine, September 6, 2015

    Poroshenko, Lagarde to Discuss Economic Cooperation Between Ukraine, IMF

    © REUTERS / Valentyn Ogirenko
    Europe
    Get short URL
    0 214
    Subscribe

    Petro Poroshenko and Christine Lagarde will discuss the implementation of the Extended Fund Facility loan program for Kiev.

    KIEV (Sputnik) Ukrainian President Petro Poroshenko and International Monetary Fund (IMF) Managing Director Christine Lagarde will discuss the implementation of the Extended Fund Facility loan program for Kiev during a meeting on Sunday.

    Earlier in the day, Lagarde arrived in Kiev to have a series of meetings with country officials, including with president Poroshenko.

    "It is expected that during the meeting the sides will discuss the situation in Ukraine's financial and economic sector and the implementation of the second Memorandum of Economic and Financial Policies under the Extended Fund Facility bilateral program agreed by Ukraine and the IMF for four years," the statement on Poroshenko's website read.

    The sides are also expected to discuss the reforms in Ukraine, in particular in the taxation, banking and financial sectors.

    Ukraine increasingly relies on external financial assistance to reanimate its stagnant economy amid a deep recession and high inflation in the country.

    The overall financial aid package to Kiev amounts to about $40 billion, to be administered over the next four years, comprising loans from the IMF, the United States and the European Union among others.

    Related:

    IMF Head Calls on Ukraine Leader to Accelerate Reforms
    IMF Approves New $1.7Bln Loan to Ukraine
    IMF Managing Director Signals Backing of Next Aid Tranche to Ukraine
    Tags:
    International Monetary Fund, Christine Lagarde, Petro Poroshenko, Ukraine
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik