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27 Feb 2014
IMF team to visit Ukraine in coming days
FXStreet (Łódź) - The newly appointed Ukrainian PM Arseny Yatseniuk told the parliament on Thursday that reaching an agreement with the International Monetary Fund on financial aid was crucial for stabilizing the hryvnia.
"As soon as a deal on an IMF program has been signed, money will come for our reserves and we will be able to stabilize the exchange rate," the PM stressed, adding that the IMF mission is due to visit Kiev next week and that the loan in question would amount to at least 15 billion dollars.
USD/UAH jumped above 11 today on the concerns about the National Bank of Ukraine's diminishing foreign currency reserves.
IMF head Christine Lagarde confirmed that a team would be sent to Ukraine in the coming days in order to discuss the aid program and its conditions. She also said talks with international partners were being held on ways of helping the distressed country.
Meanwhile, Ukrainian Finance Minister Oleksandr Shlapak hopes to hold talks with Russia, as soon as next week, on the continuation of the provision of loans and on the price of gas.
“We shall try to talk to the Russians so that the new government could hear some grievances and demands from the Russian side over what they would wish to obtain in order to continue our cooperation,” Shlapak declared.
"As soon as a deal on an IMF program has been signed, money will come for our reserves and we will be able to stabilize the exchange rate," the PM stressed, adding that the IMF mission is due to visit Kiev next week and that the loan in question would amount to at least 15 billion dollars.
USD/UAH jumped above 11 today on the concerns about the National Bank of Ukraine's diminishing foreign currency reserves.
IMF head Christine Lagarde confirmed that a team would be sent to Ukraine in the coming days in order to discuss the aid program and its conditions. She also said talks with international partners were being held on ways of helping the distressed country.
Meanwhile, Ukrainian Finance Minister Oleksandr Shlapak hopes to hold talks with Russia, as soon as next week, on the continuation of the provision of loans and on the price of gas.
“We shall try to talk to the Russians so that the new government could hear some grievances and demands from the Russian side over what they would wish to obtain in order to continue our cooperation,” Shlapak declared.