IMF Managing Director Christine Lagarde said Thursday that the IMF Board will review the standby program with Ukraine after Dec. 10.

Friday, November 30, 2018
IMF Managing Director Christine Lagarde said Thursday that the IMF Board will review the standby program with Ukraine after Dec. 10.

IMF Managing Director Christine Lagarde said Thursday that the IMF Board will review the standby program with Ukraine after Dec. 10.IMF Managing Director Christine Lagarde said Thursday that the IMF Board will review the standby program with Ukraine after Dec. 10. “The preliminary assessment is satisfactory and the process is expected to be completed shortly,” she said after having a ‘constructive’ telephone call Wednesday night with President Poroshenko. Bloomberg reports that the first tranche of the IMF program could be $1.4-1.5 billion.

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In a clear signal of support to Ukraine, the EU has approved disbursement of €500 million in aid to Ukraine – two weeks before the IMF and the World Bank are to approve similar aid.

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