Groysman expects to get $1.7 bln from IMF this year

Ukraine expects to receive $1.7 billion from its key creditor, the International Monetary Fund, in 2016, Ukrainian Prime Minister Volodymyr Groysman said during a press conference in Kyiv.
The technical work with the Fund is now being carried out by the Ministry of Finance, he said.
”The total amount of tranche, which we expect to receive in 2016, is $1.7 billion,” said Groysman.
As UNIAN reported earlier, the four-year EFF program worth about $17.5 billion originally foresaw quarterly reviews of the program, the disbursement of four tranches to Kyiv in 2015, another four in 2016. However, at present, the country has received only the first tranche worth $5 billion on March 13, 2015, and the second one worth $1.7 billion arrived on August 4, 2015.
The second review is underway as Ukraine and the IMF are in talks on a wide range of issues, which includes various aspects of monetary, banking and anti-corruption policies, the pension reform and the privatization process. Based on results of the review, a memorandum should be signed between the Ukrainian government and the IMF`s Executive Board.

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