The amount of the third tranche of the International Monetary Fund (IMF), Ukraine`s key creditor, will be determined at a meeting of the IMF Executive Board scheduled for early July that will take into account the schedule of the next IMF tranches, according to Fund`s Permanent Representative in Ukraine Jerome Vacher who was speaking at a roundtable discussion in Kyiv.
Yesterday some media reported that the IMF may reduce its next tranche for Ukraine by almost half – from $1.7 billion down to $1 billion.
As UNIAN reported earlier, Ukrainian Minister of Economic Development and Trade Stepan Kubiv previously stated that Ukraine could receive the third tranche worth $1.7 billion by the middle of July.
The four-year Extended Fund Facility 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 under way, 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.
Some experts assume that the financial assistance from the IMF this year may be limited to only one tranche.
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