President of Ukraine

Volodymyr Zelenskyy: Nobody wants Ukraine's default, we expect to continue cooperation with the IMF

27 March 2020 - 22:41

Ukraine expects to expand the program of cooperation with the International Monetary Fund, the World Bank and the European Bank for Reconstruction and Development, President Volodymyr Zelenskyy said.

"As regards the International Monetary Fund, we can now at least get an increase of up to $ 8 billion. Together with the World Bank, the EBRD, we can receive at least $ 10 billion,” the Head of State told after the meeting of the Servant of the People faction.

Volodymyr Zelenskyy hopes that at an extraordinary meeting, the Verkhovna Rada will support bills on banks and the land market, which the IMF insists on.

“I would like the Verkhovna Rada to convene on Monday, so that all these issues are resolved. It is very important to us - no one wants the country’s default. I am sure that our deputies will hear me and it will not happen. There will be support from international institutions and the International Monetary Fund,” the President stressed.

The Head of State noted that in case of continuation of cooperation with the IMF, Ukraine would receive the first "quick tranche" of up to $ 2 billion within half a month, and those funds would immediately go to the state budget.