: :inin Kyiv (EET)

IMF meeting on Ukraine scheduled for March 20 – spokesman

The Ukraine-related meeting of the Executive Board of the International Monetary Fund has been scheduled for March 20, according to the IMF spokesman Gerry Rice.

The meeting is scheduled for March 20, Rice said.

The Executive Board of Ukraine`s key lender, the IMF, on the issue of allocating another bailout tranche in the amount of $1 billion, under the Extended Fund Facility, approved in March, 2015.

Gerry Rice has also confirmed the fact that Ukraine`s Finance Minister Oleksandr Danyliuk last week visited the U.S. where he met with Deputy IMF Governor David Lipton and other IMF officials to discuss the country`s reform policies.

Earlier, Ukraine`s four-year, SDR 12.348 billion EFF arrangement (about US$17.5 billion at the time of approval) was approved on March 11, 2015, to support the government`s economic program, which aims to put the economy on the path to recovery, restore external sustainability, strengthen public finances, maintain financial stability, and support economic growth by advancing structural and governance reforms, while protecting the most vulnerable.

The last IMF mission visited Kyiv on November 3-17, 2016. The completion of the third review will enable the disbursement of SDR 734.05 million (about US$ 1 billion), which would bring total disbursements under the arrangement to SDR 6.178 million (about US$ 8.32 billion).

The International Monetary Fund has announced it reached a staff-level agreement with Ukraine on the third review of the arrangement under the Extended Fund Facility (EFF), IMF Mission Chief for Ukraine Ron van Rooden said in a statement in Washington, D.C., on March 4.


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