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Ukraine, IMF almost complete talks on another loan, - Finance Minister
13:41, 6 February 2017
Ukraine, IMF almost complete talks on another loan, - Finance Minister

EFF 4-year-long program foresees cutting the amount of each loan to 600 million dollars in 2016-2018

13:41, 6 February 2017

Ukraine's Presidental Administration

Ukraine and the International Monetary Fund are almost done with the negotiations on the next loan from the Fund. Olexandr Danylyuk, Ukraine’s Finance Minister said this at a press conference in Kyiv on Monday.

‘We’re finalizing the talks, only technical issues left to be discussed,’ he said.

The four-years-long EFF program totally worth of 17,11 billion U.S. dollars started working in March 2015. It foresees a number of loans for Ukraine granted by the IMF. The first one, worth of 5 billion dollars was assigned in 2015; another three, USD 1.6 billion each, reached Ukraine by the end of that year. The program envisages cutting the amount of each loan to 600 million dollars in 2016-2018.

Earlier, the Head of Ukraine's National Bank Valeriya Gontareva said she'd expected the next loan in the near future

Related: Gontareva expects IMF to allocate next tranche in near future

Related: Issue of raising retirement age removed from IMF negotiations, - Rozenko

Related: Davos: Ukrainian delegation to meet IMF delegation

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