Ukraine's government approves decisions on cooperation with International Monetary Fund, getting second tranche of International Monetary Fund loan

Mar 11, 2009 at 12:48 | Interfax-Ukraine
Ukraine's government has approved decisions on cooperation with the International Monetary Fund (IMF) and getting the second tranche of the IMF's stand-by credit to the country, Vice-Premier Hryhoriy Nemyria has said.

"I would like to note that due to constructive cooperation between all of the components of the process today at a meeting of the government, we took an agreed decision, which we think will allow us in the near future to achieve practical results regarding the return of the IMF mission, and after some time, [allow the IMF] to make a decision to provide the second tranche of the loan," he said at a briefing in Kyiv on Wednesday.

Nemyria also said that "a number of important decisions" were made at the meeting of the government to ensure the independence of the National Bank of Ukraine (NBU).

It was decided to amend a resolution of the Cabinet of Ministers and the NBU regarding the refinancing of banks in the period of financial and economic crisis.

It was also decided to amend a government resolution on the issue of the state participation in bank capitalization.

In addition, it was decided to submit a draft law canceling Articles 84 and 86 of the Law of Ukraine on the 2009 national budget.

Nemyria also confirmed the financial plan of Naftogaz Ukrainy had been approved at the meeting.