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The head of the party in Parliament Zelensky said about the unacceptability of the conditions of the IMF

The conditions the International monetary Fund's new loan program is inadmissible for Ukraine. This was stated by the head of the "servant of the people" in Parliament-David Arakhamiya, the TV channel "Ukraine is 24".

According to him, the first tranche under the program stand-by Kyiv expects next week. "And then there is the new cooperation program with the IMF, where there is a draft Memorandum in which many things are presented in a way that will not be perceived neither the Ukrainian society nor the Parliament", — Arakhamiya told.

The head of the faction noted that the probability of reaching a compromise with the IMF on a new loan is small. "So there will have to tough negotiations and not the fact that they will lead to some success. But that's a different program, a program for the future, there is time to discuss-and, in General, to conduct negotiations", — said the Deputy.

Earlier a press-the Secretary of the Fund Jerry rice said that the IMF is discussing with Ukraine a new loan program for half a year to combat the impact of the pandemic coronavirus. The Ministry of Finance of Ukraine reported that the government plans to conclude talks with the International monetary Fund about a new program at the beginning of June, but the format is still under discussion.

Prime Minister of Ukraine Denis Shmyhal said that the IMF Board of Directors until June 10 to decide on the approval of the lending of Kiev by the stand-by program in the amount of five billion dollars.

On 13 may the Verkhovna Rada at the extraordinary session adopted the draft law on banking regulation. This document is one of the conditions for the continuation of cooperation with the IMF. The new rule should resolve the withdrawal from the market of insolvent banks and will not allow to return them to former owners. President Vladimir Zelensky signed the document on 21 may. The new law, in particular, will make it impossible to return to his former PrivatBank owner Ihor Kolomoisky.