The international monetary Fund (IMF) continues to cooperate with the Ukrainian authorities on the conclusion of the second review of the EFF program for Ukraine.
About this informed the official representative of the IMF Gerry rice on Thursday February 11, reports «Interfax-Ukraine».
The meeting of the Board of Directors of the IMF on the second review of the EFF program for Ukraine depends, including, from the integrity of the government and the coalition, he said.
«We don’t have the date of the meeting of the Board of Directors on the results of the second review. It depends on the issues, and the availability of more distinct view of the situation in the government and the coalition,» rice said during the traditional press-briefing in Washington.
Open in March of 2015 four-year EFF program with the total volume of SDR12,348 billion (approximately 17,11 billion US dollars at current exchange rates) with the first tranche of 5 billion dollars initially expected quarterly revision of the programme and the allocation in 2015 of three more tranches of SDR1,18 billion (about 1.63 billion dollars) and a decrease in quarterly tranches in 2016-2018 to SDR0,44 billion (0,61 billion).
At the same time, Ukraine managed to get only the first two tranches, the first amounting to 2.7 billion dollars went to the government to support the state budget, while the recipient of the remaining funds traditionally have been the national Bank.
On 10 February, the managing Director of the IMF Christine Lagarde said that the international monetary Fund is concerned about the situation in Ukraine, weakening of the public administration reform and the lack of effective fight against corruption, in connection with which the Fund may suspend the program of cooperation with Ukraine, because it will be very difficult to implement it.
On the same day the President of Ukraine Petro Poroshenko had a phone conversation in which they discussed the Ukrainian reforms. «The head of state stressed that Ukraine will continue reforms despite the crisis in relations between the government and the parliamentary coalition. The President stressed the need to restart the Cabinet of Ministers without parliamentary elections, which will only deepen the political crisis and worsen the conditions for reform,» reported the press service of the President.
Poroshenko stressed that is configured to decisive action to ensure political and financial stability in the state. The President of Ukraine and the managing Director of the IMF agreed to prepare a road map of priority reforms, which will give a new impetus to the relationship with the International monetary Fund. They also agreed on the need for urgent adoption by the Ukrainian Parliament of all reform laws.
In the IMF say that the continuation of cooperation with Ukraine depends on the integrity of the government and the coalition 11.02.2016