WASHINGTON, Feb 28 — US Treasury Secretary Janet Yellen yesterday backed completion of a “fully financed and appropriately conditioned” programme for Ukraine with the International Monetary Fund (IMF) by the end of March, Treasury said in a statement.
Treasury said Yellen, who made a surprise visit to Kyiv yesterday, days after the first anniversary of Russia’s invasion, met with Ukrainian Finance Minister Serhiy Marchenko and commended his work to stabilise Ukraine’s economy and stay focused on economic reforms as the war continued.
She also expressed support for creation of a multi-agency donor coordination platform for Ukraine to help the country address near-term recovery and future reconstruction needs together with international partners, Treasury said.
Yellen’s comments reflect growing momentum toward agreement on a new IMF financing package for Ukraine, coming days after IMF Managing Director Kristalina Georgieva also visited Kyiv.
French Finance Minister Bruno Le Maire told reporters on Friday that European finance chiefs have endorsed a US$15.5 billion (RM69.4 billion) IMF loan programme for Ukraine, a sum in line with that given last week by Ukrainian Prime Minister Denys Shmyhal.
Yellen spoke with Georgieva before leaving Washington to attend the Group of 20 meeting in India, and senior Treasury officials were in daily touch with IMF counterparts about the Ukrainian programme, a Treasury official said.
Yellen and Treasury officials also had conversations at the G20 with counterparts about an IMF programme for Ukraine, the official said. — Reuters
