Ukraine and the International Monetary Fund (IMF) came to terms over the resumption of cooperation, Ukrainian President Viktor Yanukovych said after a meeting with IMF managing director Dominique Strauss-Kahn.

During Yanukovych's official visit to the United States on Monday to participate in the nuclear security summit in Washington, he discussed with the IMF director possible programs of cooperation. Ukrainian president commended IMF's management for the "constructive dialogue they reached."

"It seems, we have come to terms, although reaching it is not always easy," Yanukovych's press service quoted him as saying on Tuesday, according to RIA Novosti.

Ukraine's current stand-by program amounts to $16.4 billion, with $11 billion already installed in three tranches. The fourth tranche of $3.8 billion was due in 2009 but has not yet been installed because of the recent political instability.

In early March, the president of the European Commission, Jose Manuel Barroso, called on Ukraine's recently elected president Viktor Yanukovych to resume talks with the IMF on the $16.4 billion loan. He said the EU would provide Ukraine with a $0.7 billion in financial aid if the talks succeed.


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