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New date of IMF Board meeting on Ukraine yet to be set

New date of IMF Board meeting on Ukraine yet to be setThe International Monetary Fund has not so far set the new date of its Board of Governors meeting on completion of the third review of the extended fund facility program for Ukraine, the fund's press service said.

This is reported by Interfax-Ukraine.

It said that an IMF Board of Governors meeting, which was scheduled on March 20, had been postponed to evaluate the impact of recent developments on the cooperation program. The IMF plans to announce the new date of this meeting shortly, the statement said.

As reported, the issue of the third review of the EFF program for Ukraine was dropped from the March 20 agenda of the IMF Board of Governors. There is no data about the reasons for such changes on the Fund's website. The agenda has been compiled over the period until March 24 and the issue of Ukraine is not on it.

"The meeting has been postponed only because of the need to clarify the calculation of the economic consequences of the measures Ukraine has introduced in response to the blockade and seizure of Ukrainian enterprises in certain areas of Donetsk and Luhansk regions outside control of the government, and also in light of Russia's recognition of documents issued in those areas," the Ukrainian Finance Ministry said.

For its part, the National Bank of Ukraine told reporters that Ukraine remains in the cooperation program with the IMF. "The latest developments in the country need to be studied further on the subject of their potential impact on the economy and be taken into account in macroeconomic forecasts of the cooperation program with the Fund," the NBU said on Facebook.
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