The National Bank of Ukraine (NBU) expects the arrival of the mission of the International Monetary Fund (IMF) in January 2018 and the allocation of the next EFF tranche in the second quarter of 2018. Yakiv Smoly, the acting Head of the NBU claimed this as Interfax-Ukraine reported.
'We expect the arrival of the mission until the end of January and the review of the program in February-March so the tranche can be allocated in the second quarter', he said.
As we reported earlier Ukraine sent the application to the European Commission to get a new macro-financial aid from the EU.
The loan program in the amount of 17.01 billion dollars was approved by IMF for Ukraine in April 2014 and the first stand by tranche in the amount of 3.19 billion dollars was allocated in May 2014.
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 dollars. The first tranche of five billion dollars provided the review of the program in every three months. Three tranches of 1.63 billion dollars were allocated in 2015 and the tranches in 2016-2018 should be allocated every three months in the amount of 0.61 billion dollars.
