May 15, 2020
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Saakashvili said that his position on cooperation between Ukraine and the IMF was misunderstood

Former President of Georgia, head of the Executive Committee of the National Council for Reforms of Ukraine Mikhail Saakashvili said that his words about the cooperation of Kiev with the International Monetary Fund were misinterpreted. About this he wrote on Facebook.

Last night on the air “1 + 1” TV channel politician said: “I in my time in Georgia refused the services of the IMF. I think that Ukraine is strong enough to refuse this.”

Today on Facebook He stressed that at the moment "Ukraine has no alternative to good cooperation" with the IMF, especially during a crisis when the country needs money.

"At this stage, I am for strengthening ties that contribute to implementation of the reform program in Ukraine, strategically, as Georgia did in In the course of my presidency, we will reach a situation where IMF assistance is no longer needed, "Saakashvili said.

He added that" any attempts to exit the program of cooperation with the IMF at this stage will be consistent only to the goals of the enemies of Ukraine. " 3267712829925742

In December 2019 of the year Ukraine and the IMF agreed on an extended financing program (EFF) for a period of three years in the amount of 4 billion special drawing rights vania (about $ 5.5 billion). Kiev has not received a single tranche under this program. On May 7, IMF spokesman Jerry Rice announced that the Fund and Ukraine were reorienting from the previously agreed 31 - the monthly EFF extended financing program to 18 - a monthly stand-by program.

Before by granting a loan, the IMF insisted on opening a land market and prohibiting the return of nationalized banks to former owners (this document, in particular, will exclude the possibility of PrivatBank returning to businessman Igor Kolomoisky). Fund Managing Director Kristalina Georgieva noted that the adoption of these documents "will allow us to move forward quickly by finalizing the parameters of a new agreement with wider access than previously thought."

The Verkhovna Rada adopted the Law on Land Reform 31 on March 2020 of the year. The land market in Ukraine should earn from July 1 2020 of the year. The law on the improvement of certain mechanisms for regulating banking activities was adopted by the Parliament 12 on May.

May the Prime Minister of Ukraine Denis Shmygal said that the memorandum of cooperation between Ukraine and the IMF may be signed before the end of May.

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