President Volodymyr Zelensky speaks with a journalist as he leaves press conference about his first year in office at Kyiv’s Mariinsky Palace on May 20, 2020.
Ukraine and the International Monetary Fund (IMF) have reached an agreement on new financial support amid the effects of the coronavirus pandemic. An IMF staff team led by Ivanna Vladkova Hollar said it concluded remote discussions with the Ukrainian authorities on May 21 and reached a staff-level agreement on economic policies for a new 18-month Stand-By Arrangement (SBA) that will provide emergency funds to the country.
The new SBA worth $5 billion aims to provide budget support to help the authorities address the effects of the COVID-19 shock, UNIAN reported, adding that the funds will help the government to consolidate achievements to date, and move forward on important structural reforms.
