KYIV, July 26 – The Financial Stability Council, which includes the Finance Ministry, the National Bank of Ukraine (NBU) and other financial regulators, said it is necessary to resume cooperation of Ukraine with the International Monetary Fund (IMF).

"The implementation of the structural reforms envisaged by the program of cooperation with the IMF is extremely important for macrofinancial stability in Ukraine and access to financing from the IMF and other international partners," the Council said in a press release on the results of the meeting held on July 20.

The Council members also agreed on the need to strengthen coordination of fiscal and monetary policies.