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IMF mission to arrive in Ukraine next month, - Zelensky's office

Source : 112 Ukraine

The sides will discuss Ukraine's progress in reforms
22:32, 3 August 2021

Open source

The IMF mission is supposed to come to Ukraine in September. During the visit, the sides will focus on Ukraine's progress in reforms. Serhiy Nikiforov, the press secretary of president of Ukraine reported that during the briefing on Tuesday.

The official added that prior to the Independence Day, Ukraine is going to get 2.7 billion dollars within the loan mechanism. These funds will help cope with the consequences of coronavirus epidemic. 

Related: IMF allocates $650 billion SDR as financial support to vulnerable countries

According to the J.P. Morgan's estimates, the second loan from the IMF (three billion dollars) could arrive in Ukraine by late 2021.

On June 9, 2020, the IMF approved a new 18-month standby program for Ukraine at SDR3,6 billion (about $5 billion) with an immediate allocation of $ 2,1 billion with the first tranche.

Following the first tranche, four program reviews were scheduled: in June, September and December this year, and in June 2021, with these reviews completed on 1 September and 1 December this year and 15 May and 15 October next, respectively. The size of the second and third tranches - $700 million, the third - $560 million and the final fourth - $ 980 million.

The virtual mission of the first review of the standby program, which lasted from the end of 2020, ended in mid-February without a recommendation to allocate the second tranche.

Related: Ukraine to receive over $ 2.7 billion from IMF on eve of Independence Day

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