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Ukraine may receive first tranche from IMF in May, - Smoliy

Source : 112 Ukraine

According to head of National Bank, this can happen ‘back in May or in first week of June’
14:41, 16 May 2020

Yakiv Smoliy, Head of the National Bank of Ukraine
NBU

The first tranche from the IMF may arrive in Ukraine in May or in the first week of June. The head of the National Bank, Yakiv Smoliy announced this in an interview with BBC Ukraine.

According to him, the Verkhovna Rada has now registered several resolutions that block the signing of the law on banks, "there are several days, after which the deputies must decide and vote, as it seems to me, to cancel these decisions."

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Smoliy noted that the possible cancellation of the decisions will allow the speaker to sign the law and send it to the president for signature. And this could happen next week.

"Accordingly, after the law is signed by the president, a meeting of the IMF Board of Directors will be announced. The mission that worked in Ukraine has all the documents ready, they will pass them on to the board meeting. The Board will make a decision.

After the decision is made, it can take one to two days to transfer the first tranche. That is, if we expand all the time frames, then in May we can get the first tranche. Or the first week of June. I always take a little reserve so that my assumptions are justified," the head of the National Bank emphasized.

As we reported before, Mikheil Saakashvili, chairman of the National Reform Council, explained his position on Ukraine's cooperation with the International Monetary Fund (IMF), noting that his previous statement was misunderstood

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