Ukraine expects IMF credit tranche in autumn

Source : 112 Ukraine

The sum of the tranche is 1.9 billion of dollars
17:57, 5 July 2017

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The Minister of Finance of Ukraine Oleksandr Danylyuk expects the decision of the International Monetary Fund (IMF) to provide Ukraine the next credit tranche within EFF. He claimed this at the interview to the American TV Channel as Interfax-Ukraine reported.  

'Ukraine can receive the fifth IMF tranche in autumn', Danylyuk noted.

Earlier the mass media reported that the International Monetary Fund postponed the allocation of the next tranche to Ukraine until the end of 2017. The reason of this is the fact the Ukrainian Parliament will not manage to vote for the proper reforms during the summer.

The sum of the tranche will be 1.9 billion of dollars.

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.

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