The International Monetary Fund (IMF) plans to continue the discussion of the 2018 draft budget with the Ukrainian government to maintain its deficit at 2.5% of the GDP. It is stated on the official website of the IMF Office in Ukraine.
The IMF experts visited Kyiv on November 9-17 to technically discuss the 2018 draft budget.
Gösta Ljungman, the Representative of the IMF to Ukraine claimed after their visit that the discussion will continue during the next few weeks to provide the maintenance of the budget’s deficit at 2.5% of the GDP.
This index is agreed by the program of the economic reform in Ukraine supported by the IMF.
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.