International Monetary Fund logo is seen outside the headquarters building in Washington D.C., April 20, 2018. REUTERS/Yuri Gripas/File Photo
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Ukraine has begun talks with the International Monetary Fund on a new standby deal that would replace the current $17.5 billion assistance program, the president's parliamentary representative said on Friday.A fresh standby agreement could give Ukraine breathing space as it has struggled to fulfill some of the conditions of its existing deal and needs to service rising debt payments.An IMF mission is now in Ukraine for talks but has so far declined to comment on the prospect of a new standby aid deal.Separately, the central bank governor said Ukraine hoped to reach a deal on continued cooperation with the IMF next week, and that optimism around such an agreement had helped calm the foreign exchange market.
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