By (Updated, extended)
KYIV. Nov 7 (Interfax-Ukraine) – A new mission of the International Monetary Fund (IMF) will be start on November 11 and is likely to last until November 17, the governor of the National Bank of Ukraine (NBU) Andriy Pyshnyy has said.
"The final agreements will be formulated based on the results of the second mission, which will begin its work on November 11. We plan that it will last until November 17," he said at a press briefing on Monday.
According to Pyshnyy, during these technical discussions, with the participation of him and the Minister of Finance, the contours of the program will be worked out that will be the basis of the NBU action plan for the coming years and, probably, will become the basis of the Extended Fund Facility (EFF) that the Ukrainian team is counting on.
He recalled that over the past month, work has begun within the IMF mission, which took place in Vienna. The NBU and the IMF consolidated the position of the monetary and fiscal authorities, Pyshnyy said.
"There were very substantive and, I won’t say simple, but very constructive discussions in Vienna on the whole range of issues related to the macroeconomic situation, monetary policy, monetary relations, financial stability, fiscal consolidation of interaction between the government and the NBU, the need for more active interaction in financing the needs of the Ukrainian budget, the domestic debt market," the governor of the NBU said.
