IMF Mission to come to Ukraine on Feb 1-11.

By bne IntelliNews January 26, 2011
The International Monetary Fund's (IMF) Mission is planning to visit Ukraine from Feb 1-11 for meeting authorities and holding talks on the second review under the Ukraine - IMF stand-by arrangement (SBA), reads a statement made by the IMF Resident Representative in Ukraine Max Alier. In late 2010, the IMF board of directors decided to allocate Ukraine with second tranche of the stand-by loan arrangement of USD 1.5bn (total amount of the borrowing USD 15.15bn). According to John Lipsky, First Deputy Managing Director and Acting Chair, Ukraine's satisfactory performance under the economic program supported by the stand-by arrangement, along with strong policy commitments for the coming year, are supporting a steady recovery in confidence and broadening of economic activity. Ukraine's 29-month SBA was approved on July 28, 2010, in the amount of SDR 10bn (USD 15.3bn) in support of the authorities economic adjustment and reform programme.

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