The IMF does not exclude the decision on the tranche for Ukraine in a few weeks

If the Ukrainian side will quickly resolve all technical issues for the completion of the third review of the eff program of the IMF, the Executive Board may hold a meeting on the next tranche in the coming weeks.

This was stated during a briefing on Thursday January 26 in Washington, the Deputy speaker of the IMF , William Murray, reports «UKRINFORM».

«We are in close contact with the (Ukrainian) authorities in several Metacritic voprosam that need to be addressed, namely regarding the completion of the Memorandum of economic and financial policies in the context of the timing of the next events,» — said the representative of the Fund.

In this context he reminded about the meeting, managing Director of the IMF with the President of Ukraine in Davos a week ago. Then , Christine Lagarde, noted that «good progress» by the Ukrainian side in the implementation of the requirements for the completion of the third review under the extended Fund of the Fund.

«Assuming that all outstanding issues will be resolved quickly, we expect receipt of the proposal upon completion of our review to the Executive Board in the coming weeks,» said Murray.

At the same time he noted that until now could not provide a specific date of the meeting of the Executive Council on this issue.

Yesterday it was reported that the issue of further financing of Ukraine is not in the agenda of the meetings of the Board of Directors of the International monetary Fund, which are scheduled till 3 Feb 2017.

Earlier, Finance Minister Alexander Danilyuk said he expects the next tranche from the IMF in early February.

The President of Ukraine Petro Poroshenko in an interview with Bloomberg in Davos, said that Ukraine expects to receive a tranche of the IMF in the coming weeks, because by the end of 2016, our country has fulfilled all the conditions from the previous Memorandum with the IMF.

In turn, the Prime Minister Volodymyr Groysman noted that Ukraine continues negotiations with the IMF.

As reported, Ukraine resumed cooperation with the IMF on a four-year program of expanded financing (EFF) in the amount of 17.5 billion dollars in September 2016 after more than a year break. Under this program, our country received three loan tranches with a total volume of 7.62 billion dollars.

The Ministry of Finance expects that the Board of Directors meeting on Ukraine will take place in late January. The Fund noted that the exact date of meeting is not, however, the Board of Directors will meet to discuss the reform program with Ukraine «in the coming weeks.»

The IMF does not exclude the decision on the tranche for Ukraine in a few weeks 27.01.2017

Январь 27th, 2017 by
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