President: Ukraine expecting to get $8 bln from IMF

President of Ukraine Volodymyr Zelensky expressed his hope that the Verkhovna Rada would adopt all the decisions necessary to sign a memorandum of cooperation with the IMF.
"We will sign a memorandum with the IMF if our Rada gives such an opportunity, and Ukraine will receive at least 8 billion [US dollars] from the IMF and a few billions from other European financial institutions – the World Bank, the EBRD," Zelensky said in the documentary “The Year of President Zelensky” aired on Ukraine 24 TV Channel.

As reported, IMF Resident Representative in Ukraine Goesta Ljungman said on April 4 that the International Monetary Fund was awaiting the final adoption of legislation on bank restructuring by the Parliament of Ukraine.

At a special meeting on March 30, the Parliament of Ukraine adopted at first reading the Draft Law “On Amending Legislative Acts of Ukraine to Improve Certain Mechanisms of Banking Activity Regulation” and shortened the time of preparation for its second reading.

The law, in particular, will make it impossible to overturn the NBU's decision on nationalization / liquidation of banks and to return unfair compensation from the state budget to the previous owners of the banks.

During the preparation of the bill for the second reading, the MPs introduced more than 16,000 amendments to it.