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IMF not ready to call date of virtual mission in Ukraine in September

Source : 112 Ukraine

The delegation is to revise the stand-by program
10:15, 17 September 2021

Jerry Rice
Open source

IMF representative Jerry Rice has confirmed intention of the Fund to hold the virtual mission in Ukraine; it is supposed to perform the first revision of the stand-by program in September. However, the official could not provide any specific dates. Rice said so during the briefing in Washington, Interfax-Ukraine reported.

"I can't give you any details on the timeline of allocation of funds or extension [of the program]... Discussions continue", Rice said. 

The actual mission of the IMF is expected to arrive in Kyiv on September 18.

Related: Timing of IMF mission arrival in Ukraine becomes known

In June 2020, the IMF approved a stand-by program for Kyiv with a total volume of about $ 5 billion, immediately allocating the first tranche of funding in the amount of $ 2.1 billion. Four reviews of the implementation of the program conditions were scheduled for the allocation of the remaining four tranches. However, the agreed schedule was violated, and funding was suspended due to Ukraine's failure to fulfill a number of obligations.

Related: Prime Minister reveals when Ukraine to get second IMF tranche

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