May 20, 2019 / 9:46 AM / 4 months ago

Adviser to Ukraine president sees possible new IMF deal after snap election: Interfax

Ukraine's new President Volodymyr Zelenskiy applauds after taking the oath of office during his inauguration ceremony in the parliament hall in Kiev, Ukraine May 20, 2019. REUTERS/Valentyn Ogirenko

KIEV (Reuters) - Ukraine could begin talks on a new or revised program with the International Monetary Fund after a snap parliamentary election, an adviser to the new President Volodymyr Zelenskiy was quoted as saying by Interfax Ukraine on Monday.

“After the parliamentary election, I think it is possible to open a new program,” Oleg Ustenko said. “I suppose that in June-August the negotiation process will start on either opening a new program or revising the old program.”

The IMF supports Ukraine with a $3.9 billion agreement conditional on the country passing reforms such as bringing household heating tariffs up to market levels.

Reporting by Pavel Polityuk and Natalia Zinets; writing by Matthias Williams and Toby Chopra

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