November 12, 2019 / 2:34 PM / a month ago

IMF mission to resume talks on new Ukraine loan deal

FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside its headquarters building in Washington, U.S.,September 4, 2018. REUTERS/Yuri Gripas

KIEV (Reuters) - A visiting International Monetary Fund mission will resume negotiations on a new loan program for Ukraine on Thursday, it said in a statement.

Ukraine and the IMF have been in talks on a new program to replace a $3.9 billion stand-by arrangement that expires in January.

Ukraine must satisfy the Fund on issues such as the central bank’s independence and the future of PrivatBank, the country’s largest lender, which was nationalized against the wishes of its owners in 2016.

Reporting by Natalia Zinets; Writing by Matthias Williams; Editing by Andrew Heavens

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