IMF Mission finishes work in Ukraine

Source : 112 Ukraine

The Mission has been working in Kyiv since May 10 negotiating the text of cooperation Memorandum
17:13, 18 May 2016

Mission of the International Monetary Fund has finished work in Ukraine today, press service of the Finance Ministry of Ukraine reported to “Interfax-Ukraina”.

The Mission, chaired by Ron van Rooden, started its work in Kyiv on May 10. Ukraine’s Finance Ministry informed, that the Mission was aimed at approving the final text of the Memorandum. Deputy Minister of Finance Yuriy Butsa predicts, that the IMF’s Board of Directors will decide on further cooperation with Ukraine as part of EFF program by June.

Initially, IMF’s loan program to Ukraine in the amount of USD 17 billion presupposed, that Ukraine will receive eight tranches over 2015 and 2016. However, by now, the IMF has provided only 2 tranches in the amount of USD 5 billion and USD 1,7 billion.

Related: Ukraine expects IMF’s decision on the next credit tranche by June: Finance Ministry

Related: Russia demands to account for Ukraine’s USD 3 billion debt before Moscow in IMF loan program

Related: Ukraine, IMF to develop joint strategy of pension reform

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