The Deputy head of the IMF’s Lipton stated that Ukraine should take advantage of the positive momentum in the domestic economy to complete the reforms

During the meeting with President of Ukraine Petro Poroshenko, first Deputy managing Director, International monetary Fund David Lipton said that Ukraine is to complete the reforms should take advantage of the positive dynamics in the domestic economy. About it reports a press-service of Administration of the President.

The interlocutors discussed the state of implementation of educational, medical and pension reforms. Poroshenko noted that it is particularly important to create an effective system of combating corruption in Ukraine.

It was about the perspectives for the implementation of the Memorandum of economic and financial policies in the light of the provision of the next tranche of Ukraine in the framework of the extended financing facility.

Lipton will be in Kiev until September 14.

Prior to that, Deputy head of the National Bank of Ukraine Ekaterina Rozhkova reported that, presumably, the IMF mission will arrive in Kyiv in the second half of September.

Ukraine and the IMF signed a Memorandum of economic and financial policies which the country should undertake in the framework of the EFF in March 2015.

In April 2017, the Fund has allocated Ukraine the fourth tranche of $1 billion.

In may the IMF said that for completion of the review of the EFF would expect from the Ukrainian authorities ensure that parliamentary support land and pension reforms, anti-corruption bills and the intensification of the privatization process.

The last fifth tranche of financial assistance was scheduled for June-July 2017.

In July the Prime Minister Groysman said that the next tranche of financial assistance for Ukraine from the IMF in the amount of $1.9 billion will be deferred until the end of 2017.

The reason for the delay was the fact that the Verkhovna Rada did not have time to take the necessary for granting the loan bills before the start of the summer holidays.

In September Finance Minister Oleksandr danylyuk said that the land reform is no longer a prerequisite for the next tranche.




The Deputy head of the IMF’s Lipton stated that Ukraine should take advantage of the positive momentum in the domestic economy to complete the reforms 13.09.2017

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Сентябрь 13th, 2017 by
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