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Ukraine’s Finance Ministry expects to receive IMF tranches by end of 2020

Source : 112 Ukraine

The ministry is also waiting for a review of the stand-by program
18:43, 9 September 2020

The International Monetary Fund (IMF)
Reuters

Ukraine expects to receive credit tranches from the International Monetary Fund (IMF) by the end of the year. The Minister of Finance of Ukraine Serhiy Marchenko stated this during the meeting of the parliamentary committee on finance, tax and customs policy, Interfax-Ukraine reports.

"We hope that the Fund's mission will decide to review the stand-by program in the near future. Besides that, we expect to receive the planned credit tranches from the IMF by the end of this year," Marchenko said.

Related: Five billion goal: Ukraine's commitments to IMF?

As we reported earlier, in September, the International Monetary Fund is going to assess how much Ukraine lives up to the stand-by program and decide on the provision of the second tranche of the loan for this country.

"This program (stand-by, - 112 International) has just begun, and currently, it is difficult to say when the first revision takes place. Nevertheless, I can say that we are looking for September," Jerry Rice, the director of the Fund's press office, stated.

The program's documents point out actual conditions for Ukraine to get the second tranche.

Related: Most Ukrainians oppose cooperation with IMF, - poll

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