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Positive assessment of international partners demonstrates Ukraine's success in implementing reforms – Shmyhal

KYIV. Nov 23 (Interfax-Ukraine) – Prime Minister of Ukraine Denys Shmyhal welcomed the decision of the International Monetary Fund (IMF), noting that the positive assessment of international partners demonstrates the successful movement of Ukraine in implementing reforms, according to the press service of the government portal.

"Through the measures taken by Ukraine to reform the judiciary and continue the reform of the financial sector, we have confirmed Ukraine’s status as a reliable and responsible partner," Shmyhal said.

He noted that these funds will be used to maintain the stability of the financial system and combat the effects of COVID-19.

As reported, the International Monetary Fund (IMF) has completed the first revision of the stand by (SBA) program for Ukraine and as a result decided to allocate the country a second tranche of $699 million and extend the program until June 2022.