Finance Minister on negotiations with IMF: Ukraine will receive tranche this year

Source : 112 Ukraine

During the meeting with the IMF representative on September 18, questions on the budget were raised - next week the discussion of its indicators will continue
17:28, 19 September 2020

Serhiy Marchenko
Open source

Finance Minister Serhiy Marchenko, who held talks with an IMF representative, assured that Ukraine will receive a tranche from the Fund this year. The head of the Ministry of Finance said this on the air of Ukraine 24 TV channel.

"We are not considering other scenarios. The issue of the tranche is this year, we must receive it to finance the budget. After the mission arrives, it will be possible to speak in more detail," Marchenko said.

He said that during a meeting with an IMF representative on September 18, issues on the budget were raised. The key task of Ukraine is to obtain a revision of the program; in the near future it is necessary to receive  information from the mission representative on when this happens.

Marchenko said that the IMF representatives received the budget parameters 2 weeks ago. According to him, next week a discussion of indicators is expected - "what was planned, why, budget deficit volume, all parameters."

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At the same time, the Minister of Finance could not confirm or deny information about the possible receipt of a tranche by Ukraine in December.

On June 10, it was reported that the Executive Board of the International Monetary Fund approved an 18-month Stand-By agreement for Ukraine with access to 3.6 billion SDRs (about $ 5 billion).

On June 12, it became known that Ukraine received the first tranche from the IMF in the amount of $ 2.1 billion.

The mission of experts from the International Monetary Fund postponed its visit to Ukraine after the resignation of the head of the NBU Yakiv Smoliy and was awaiting the appointment of a new head of the National Bank. However, even after the new head of the NBU was appointed, the IMF mission has not yet decided on the date of its arrival in Kyiv.

The Ministry of Finance expects the visit of the IMF mission to Ukraine by the end of the year.

Related: Ministry of Finance expects visit of IMF mission to Ukraine by end of year

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