Negotiations with Ukraine on a Stand-By Arrangement are now not on the front burner for the International Monetary Fund (IMF).
William Murray, Deputy Spokesman at the IMF Communications Department at a press briefing in Washington on January 9 said currently there are no details on conducting such discussions between the Fund and the Ukrainian side, Ukrinform reported.
“This time I'm not aware of any detailed program discussions. I don't have anything to elaborate on the status of requests for a stand-by this time,” Murray said.
As reported, in December 2013 IMF Managing Director Christine Lagarde also said the Fund stands ready to provide financial assistance to Ukraine, given the Fund's reform requirements are met. The Ukrainian side in response noted that it is ready to resume talks if the IMF agrees to revise these terms.
Still, Ukrainian President Viktor Yanukovych and his Russian counterpart Vladimir Putin agreed in Moscow on a USD 15-billion loan for the Ukrainian economy. As a result, it changed the credit ratings of Ukraine internationally.