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IMF to decide on second tranche for Ukraine in September, - official

Source : 112 Ukraine

The stand-by programme provides Ukraine with access for wider international financial support, says Jerry Rice, the director of the Fund's press office
08:48, 19 June 2020

Jerry Rice
Open source

In September, the International Monetary Fund will assess how much Ukraine lives up to the stand-by programme, and decide on the provision of the second tranche of the loan for this country. Jerry Rice, the director of the Fund's press office said so in his commentary for Ukrinform news agency.

"This progamme (stand-by, - 112 International) has just begun, and currently, it's difficult to name a date of the first revision to take place. But I can say we're looking for September", Rice said.

He reiterated that the stand-by programme provides Ukraine with access for wider international financial support, including that from the EU.

Related: IMF mission might visit Ukraine in July-August, - Minister of Finance

The programme's documents point out actual conditions for Ukraine to get the second tranche.

As we reported, on JUne 10, the Executory Board of the International Monetary Fund approved the 18-month-long stand-by funding program for Ukraine. The Ukrainian government, thus, got the access to 3.6 billion SDR (about five billion dollars). On June 12, Ukraine received the first loan.

Related: Ukraine to get opportunity to refuse from IMF credits by 2023

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