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IMF ready to consider second $ 1.7 bln tranche for Ukraine

Source : 112 Ukraine

International Monetary Fund states about negotiations with Ukraine and certifies the readiness to release $1.7 billion to the Ukrainian government
22:25, 2 July 2015

AFP

International Monetary Fund, being the key creditor of Ukraine, has completed the first review of the program of cooperation with Ukraine using the Enhanced (Extended Fund Facility) and is ready to consider the allocation of the second tranche.

A statement by IMF highlighted that after Ukraine completely fulfills all the necessary preliminary measures, the Board of Directors of the Fund should approve the agreement concerning $ 1.7 billion tranche. "The completion of the review would enable the disbursement of SDR 1.18 billion (about US$1.7 billion)" - siad in the statement.

The mission has been reviewing the country's reform achievements since the IMF awarded Ukraine a new four-year, $17.5 billion support program in March and released the first tranche of funds. 

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