The current situation in Ukraine gives reasons to continue the country's program of cooperation with the International Monetary Fund (IMF), Ukrainian President Viktor Yanukovych has said.
Yanukovych said this during a phone talk with IMF Managing Director Dominique Strauss-Kahn, the president’s press service reported.
The sides discussed the fulfillment of the memorandum on economic and financial policy that was signed by Ukraine and the IMF, and noted "the mutual fulfillment of the obligations undertaken."
In addition, Yanukovych and Strauss-Kahn discussed the work of an IMF mission that will arrive in Ukraine this November.
As reported, the IMF mission will visit Ukraine on November 3-15 to hold discussions as part of the first review of the stand-by arrangement (SBA) agreed late in July 2010.
Thanos Arvanitis will head the mission, according to a report by IMF.
The IMF Executive Board late in July approved a 30-month SDR 10 billion (about $15.15 billion) Stand-By Arrangement (SBA) for Ukraine. Kyiv has already received the first tranche worth SDR 1.25 billion, of which the Ukrainian government received $1 billion. If the monitoring of the program for the third quarter is a success, the IMF is to allocate SDR 1 billion more to Ukraine late in November 2010.
