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PM Shmyhal discusses new long-term cooperation program with Director of IMF European Department

KYIV. March 8 (Interfax-Ukraine) – The start of a new long-term program with the International Monetary Fund (IMF) was discussed during an online conversation by Prime Minister of Ukraine Denys Shmyhal and Director of the IMF’s European Department Alfred Kammer, the Communications Department of the Cabinet of Ministers Secretariat reported on Tuesday.

“Alfred Kammer confirmed that a negotiating mission on the Extended Fund Facility (EFF) would start in Warsaw on March 8. Denys Shmyhal noted that the government of Ukraine was making every effort to promptly agree on all parameters and quickly reach an agreement. The total amount of funding is expected to be more than $15 billion,” the message says.

According to the head of the Ukrainian government, the new long-term program supported by the IMF will be an important message for investors and donors who are ready to invest in Ukraine, and will also help create a solid foundation for the rapid recovery of the country and consolidate efforts for Ukraine’s accession to the EU.