IMF Sends Fact-Finding Team to Ukraine

  • Fact-finding team in Kiev at request of Ukrainian authorities
  • Team to conduct technical, independent analysis of economy
  • Talks kick off on best way to support the country
  • The team, led by the IMF’s Nikolay Gueorguiev, arrived on March 4, and will conduct a review of the economy and discuss with the authorities the policy reforms that could form the basis of a Fund-supported program. Such visits, called IMF staff “missions,” are typically the first step in responding to a member country’s request for financial support.

    The head of the IMF’s European Department, Reza Moghadam, intends to join the discussions in Kiev for a few days during the staff visit. The team plans to conclude its work in about two weeks. It will then share its findings with IMF Management, who will propose a course of action to IMF Executive Board.

    IMF Managing Director Christine Lagarde on February 27...

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