: :inin Kyiv (EET)

Expected IMF tranche to Ukraine may be cut to $1 billion

The fourth tranche of the International Monetary Fund (IMF) to Ukraine is expected in February 2017 after the meeting of the Ukraine’s President Petro Poroshenko with the Head of the IMF Christine Lagarde at the World Economic Forum in Davos, Switzerland, on January 17-20, 2017.

In November 2016, the parties discussed the possibility of 1.8 billion dollars to Ukraine though the Cabinet of Ministers of Ukraine expects that the size of the fourth tranche of the IMF’s Extended Fund Facility program loan will be 1 billion dollars – reports Ukrainian News, referring to the source in the government.

Total IMF loans to Ukraine of the four-year Extended Fund Facility program after singing in March 2015 the memorandum on economic and financial policies that Ukraine should carry are agreed to be in amount of $17.5 billion. Ukraine has to conduct land reform and adopt a law on a gradual increase of the pension age of citizens. The Head of operations management in the open market and government securities of the NBU Oleg Churiy states that Ukraine may receive IMF tranche in 2017 after budget adoption.

See also: IMF want to launch land market in Ukraine waiting for significant economic gains


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