Ukraine intends to finish the program of cooperation with the International Monetary Fund (IMF) in 2018 and to get the next tranche until the end of 2017. Minister of Finance of Ukraine Olexandr Danylyuk reported this to Reuters.
According to him, Ukraine remains committed to the IMF program of support and expects that the next tranche can be allocated until the end of 2017.
'I can say we value our cooperation, we value our commitment within the programme. This is the position of the government and of the prime minister Our goal is to complete the programme successfully by 2019', he said.
Also, Danylyuk noted that Ukraine is ready to discuss with IMF any issue on the pension reform that was approved by the Ukrainian parliament last week.
According to him, all these issues can be easily solved.
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 in five billion dollars provided the review of the program in every three months. Three tranches in 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.