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IMF experts to arrive in Kyiv to consider project of 2018 draft budget
15:24, 8 November 2017
IMF experts to arrive in Kyiv to consider project of 2018 draft budget

The government expects that the draft budget project will be considered in the first reading by the Verkhovna Rada on November 14-17

15:24, 8 November 2017

112 Agency

Technical mission of the International Monetary Fund (IMF) will visit Ukraine on November 9-17. It is claimed at the statement of Kyiv Representative Office of the IMF.

‘The group of a few IMF experts will visit Kyiv from November 9 until November 17 to hold the technical discussion of the draft budget project for 2018’, Gösta Ljungman, the Representative of the IMF to Ukraine claimed.

Related: IMF-Ukraine cooperation program open to question, - EBRD

The government expects that the draft budget project will be considered in the first reading by the Verkhovna Rada on November 14-17.

Related: Corruption costs 2% of economic growth for Ukraine, - IMF

The loan program in the amount of 17.01 billion dollars was approved by IMF for Ukraine in April 2014 and the first stand by tranche in the amount of 3.19 billion dollars was allocated in May 2014.

Related: IMF phrases 4 demands for next tranche to Ukraine

The EFF program was opened in March 2015 and it is aimed for four years. The total amount of the program is 17.11 billion dollars. The first tranche of five billion dollars provided the review of the program in every three months. Three tranches of 1.63 billion dollars were allocated in 2015 and the tranches in 2016-2018 should be allocated every three months in the amount of 0.61 billion dollars.

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