The mission is going to “assess the current economic
situation and discuss the policy reforms that could form the basis of a fund-supported
program”, said Jerome Vacher, the IMF resident representative in Ukraine.
Nikolay Gueorguiev, who since June 4 has been IMF mission chief for
Ukraine, will be one of the key negotiators from the IMF’s side. Another
one will be Reza Moghadam, director of the IMF’s European Department, who will
join the mission for a few days. Stepan Kubiv, National Bank governor, is
expected to head the Ukrainian side in the negotiations.
“From my point
of view, there are no reasons to expect IMF’s financial help will come quickly.
Mission will be agreeing the criteria for providing the package. However, it is
likely that fund will provide the stability loan worth $1 billion,” Eavex
Capital head of research Dmytro Churin foresees.