The International Monetary Fund (IMF) mission arrived in Ukraine on January 9 and worked longer than it was planned because of discussions about reforms in the energy, financial, social and other sectors.
Gerry Rice, the Director of the IMF’s Communications Department, said about the conditions in Ukraine in his Press Briefing on February 19, 2015:
The IMF announced a staff level agreement last week with the Ukrainian government for a four-year program for about $17.5 billion from the IMF and that was last week, last Thursday.
I can tell that the board has planned for the end of this month, the end of February or early March. When we announced the staff level agreement which, of course, is subject to that approval of our board which you’ve referenced, we did refer to, as you say, a total financing package of about 40 billion.
The First Deputy Finance Minister Ihor Umansky said that the first tranche from the International Monetary Fund (IMF) is expected in amount $10 billion.