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Cabinet expects $1 billion IMF tranche
09:22, 5 January 2017
Cabinet expects $1 billion IMF tranche

In November, the parties discussed the possibility of allocating 1.8 billion dollars to Ukraine as the fourth tranche of the IMF, but now it is about $1 billion

09:22, 5 January 2017

112 Agency

The Cabinet of Ministers of Ukraine expects that the size of the fourth tranche of the IMF’s Extended Fund Facility program loan will be 1 billion dollars. This was reported by Ukrainian News, referring to the source in the government.

In November, the parties discussed the possibility of allocating 1.8 billion dollars to Ukraine as the fourth tranche of the IMF. The final amount of the tranche will probably be decided after the meeting of the Ukraine’s President with the Head of the IMF Christine Lagarde at the World Economic Forum in Davos which will take place on January 17-20.

Ukrainian authorities expect to receive the fourth tranche of the IMF in February.

Related: Ukraine may receive IMF tranche in 2017 after budget adoption

Ukraine and the IMF signed a memorandum on economic and financial policies that the country should carry out within the EFF program, in March 2015. The four-year Extended Fund Facility program provides that Ukraine should receive loans from the IMF totaling in 17.5 billion dollars.

IMF approved granting Ukraine the 3rd tranche of $1 billion in September 2016.

According to the updated memorandum of cooperation Ukraine pledges to the IMF to conduct land reform and adopt a law on a gradual increase of the pension age of citizens.

Earlier it was reported that Ukraine may receive IMF tranche in 2017 after budget adoption. This was stated by Head of operations management in the open market and government securities of the NBU Oleg Churiy.

Related: IMF to take into account Ukraine's debt to Russia making decision on next tranche

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