: :inin Kyiv (EET)

IMF again postpones decision on loan tranche for Ukraine

The Executive Board of Ukraine`s key creditor, the International Monetary Fund is not going to consider the Ukrainian issue in the coming week, according to its schedule of meetings formed until March 6.

There is only one issue on the agenda – the analysis of a micro-financial situation.

Earlier, head of the IMF External Relations Department Gerry Rice noted that the meeting would take place in the coming weeks, without specifying the exact date. In addition, the Fund has not confirmed the information about the upcoming visit of Ukrainian Finance Minister Oleksandr Danyliuk to the IMF headquarters, previously disseminated through the media, referring to sources in the government.

Earlier, in September 2016, after more than a year`s break, Ukraine has resumed cooperation with the IMF under the four-year Extended Fund Facility (EFF) worth $17.5 billion. Under this program, Ukraine has already received three loan tranches, totaling $7.62 billion. Ukraine expected to receive the fourth $1 billion tranche by the end of 2016, having fulfilled the key requirements, namely the adoption of the budget for 2017 and nationalization of the country`s largest bank, PrivatBank.

However, the IMF Executive Board meeting on the Ukrainian issue and allocation of money was delayed several times: first, for January, then for early February, and now for the beginning of March.

Meanwhile, it order to hold such a meeting, Ukraine and the IMF are required to sign a letter of intent, followed by a memorandum, which would identify key beacons of the reform program implementation for the coming months. These beacons are expected to be land and pension reforms.


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