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Ukraine’s Zelenskiy to consult with IMF chief on Tuesday -sources

Ukraine's Zelenskiy to speak with IMF chief on Tuesday -sources Reuters. FILE PHOTO – IMF Managing Director Kristalina Georgieva speaks throughout a conference hosted by the Vatican on economic solidarity, at the Vatican, February 5, 2020. REUTERS/Remo Casilli

WASHINGTON (Reuters) – Ukrainian President Volodymyr Zelenskiy will consult with International Monetary Fund Managing Director Kristalina Georgieva on Tuesday, two sources acquainted with the program told Reuters, as Ukraine continues to press the global lender for a full-fledged financing program.

Ukrainian officials have said they’re seeking an IMF program worth just as much as $15 billion to $20 billion, although this type of large amount sometimes appears as unlikey to win IMF approval.

The IMF Executive Board, at a casual session on Monday, discussed an idea which could offer Ukraine $1.4 billion in emergency aid through the IMF’s Rapid Financing Instrument.

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