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IMF ready to exclude land reform from conditions of tranche allocation
22:03, 5 July 2017
IMF ready to exclude land reform from conditions of tranche allocation

The project of the pension reform is submitted to the Verkhovna Rada of Ukraine after the agreement with IMF

22:03, 5 July 2017

112 Agency

The International Monetary Fund (IMF) expressed readiness to keep the pension reform as the main condition for the next tranche for Ukraine and exclude the adoption of the land reform. The source close to the negotiations reported this to Interfax-Ukraine.

According to the source, the IMF made such decision due to the fact that there is no agreement between the IMF and the Ukrainian Government on the key points of the land reform and the proper project is not worked out.

However, he noted that the project of the pension reform is already submitted to the Verkhovna Rada of Ukraine after the preliminary agreement with IMF.

The IMF approved the decision to allocate one billion of dollars to Ukraine on April 3.

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 of dollars. The first tranche in five billion of dollars provided the review of the program in every three months. Three tranches in 1.63 billion of dollars were allocated in 2015 and the tranches in 2016-2018 should be allocated every three months in the amount of 0.61 billion of dollars.

Related: Ukraine expects IMF credit tranche in autumn

Related: New IMF representative to Ukraine appointed

Related: IMF and World Bank approved Ukrainian pension reform, - Ministry of Social Policy

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