IMF mission for the first review in Ukraine to start its work on May 12, 2015

Gerry Rice, the Director of the IMF’s Communications Department, said about the conditions in Ukraine in his Press Briefing on Thursday, April 30, 2015:

Gerry Rice told that the mission for the first review would last a couple of weeks and would start in the middle of the May, 2015:

“On Ukraine, I can tell you that yes the mission for the first review will start working in Kiev on May the 12th and that the mission hopes to conclude in the usual timeframe, taking the usual two to three weeks is the expectation.”

Actually the IMF mission will assess Kyiv’s progress with the four-year program:

“The program is premised on full financing of the $40 billion that Ukraine will need, as well as achieving sustainability of Ukraine’s finances over time. Accordingly, we have explained the three criteria for the debt operation that we see necessary regarding the size of the operation, the impact on debt service, and the impact on debt to GDP.”

The Director of the IMF’s Communications Department underlines that Ukraine must agree with creditors on the debt talks before it concludes its next review in June 2015:

“It is vital that the Ukraine and the creditors reach an agreement in line with these criteria, and to do so before the scheduled June review. We want and expect that outcome. It will be an important consideration in the review.”

Recently it was announced that the International Monetary Fund (IMF) would give tranches to Ukraine from a total financing package of about 40 billion

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