Ukraine and IMF may reach a staff level agreement in the next few weeks,

close to the one year anniversary of the $5 billion Stand-By Agreement, Yuriy Geletiy, Deputy Governor of the National Bank of Ukraine, announced in an interview with FinClub. Referring to reforms that must pass the Rada, he said: “Work with our Banking Committee is quite constructive. I hope it will be the same with other committees, which will consider the legislative changes needed to continue cooperation with the IMF.” After the IMF approved an 18-month stand-by program last June 9,

The Rada should approve reforms demanded by the IMF by July 2021, allowing for the resumption of IMF financing in September

, Oleh Ustenko, the President’s economic adviser, told RBC-Ukraine in an extensive interview. “Amendments will be made to the law on banks and the law on the National Bank, which will increase its independence,” Ustenko said. He warned that it would be costly for the Finance Ministry to go to the Eurobond market without an IMF deal. He said of bond yields: “Without the IMF, it will be 1-2 percentage points higher.”