Ukraine wants to obtain from the IMF a further 8 trenches almost $ 10 billion – media

Ukraine hopes to receive another 8 tranches according to the EFF program with the International monetary Fund in the amount of 9.9 billion dollars by the end of 2018.

This is stated in the letter of intent prepared by the President, Prime Minister, head of the National Bank and Minister of Finance, for the next, 4th tranche of the IMF loan, a text of which Ukrainian news.

4th tranche in the amount of $ 1 billion Ukraine expects to receive in February.

In the end, out of the total 4-year loan of 17.5 billion dollars, Ukraine received $ 8.6 billion.

«The balance is planned to be allocated by the end of 2018 7 tranches», — the document says.

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

Earlier 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.»

Ukraine wants to obtain from the IMF a further 8 trenches almost $ 10 billion – media 20.01.2017

Январь 20th, 2017 by
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