Amount of IMF’s third credit tranche for Ukraine will be defined based on schedule of future transfers: IMF

Source : 112 Ukraine

The Fund will make its final decision of the transfer at the beginning if July
11:35, 7 June 2016

The amount of International Monetary Fund’s third tranche for Ukraine as part of EFF program will be defined based on the schedule of future transfers, IMF representative in Ukraine Jerome Vacher stated, ‘Interfax-Ukraina’ reports.

‘The amount of the next tranche will be defined at the meeting of the Board of Directors, based on the schedule of future transfers’, - Vacher explained.

He informed, that the meeting of IMF’s Board of Directors will be held at the beginning of July.

Ukraine’s government assumes, the amount of the tranche may be reduced to USD 1 billion, down from USD 1,7 billion.

Related: IMF may cut credit tranche for Ukraine by almost a half: Source

Related: Ukraine managed to stabilize macrofinancial situation with support of IMF and World Bank, - Gontareva

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