Ukraine is in the final stage of negotiations with the country`s key creditor, the International Monetary Fund (IMF), but a memorandum of cooperation, which stipulates a list of further reforms to get the next tranche of the Fund, has not been signed yet, a source close to the negotiations told UNIAN.
”The memorandum has not been signed yet,” the source said.
Earlier, a number of foreign media, citing sources in the National Bank of Ukraine, reported Ukraine had signed an International Monetary Fund memorandum, paving the way for the disbursement of the next tranche of loans under its $17.5 billion bailout program.
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.