IMF may consider granting Ukraine next tranche in near future

Source : 112 Ukraine

Fund Management is in constant contact with the Ukrainian authorities
23:16, 12 January 2017

112 Agency

The International Monetary Fund may consider granting Ukraine the next tranche of funding under the expanded program (EFF) in the coming weeks. The official IMF Representative Gerry Rice said this on January 12.

"The specific date of the board meeting has not been set yet, but we expect that it will be determined in the coming weeks. We see the good progress in the third revision of the cooperation program for $ 17.5 billion. Ukraine adopted a balanced budget that includes the objectives of our cooperation program", Rice said.

Related: Cabinet expects $1 billion IMF tranche

He also said that it is necessary to revise the memorandum of cooperation and solve the problems in the energy sector. According to him, the fund management is in constant contact with the Ukrainian authorities.

Related: National Bank: Ukraine could get fourth IMF loan in early 2017

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