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IMF to make final decision on allocation of tranche to Ukraine before June 10

Source : 112 Ukraine

The amount of the sum is $5 billion
18:46, 3 June 2020

Open source

Directors of the International Monetary Fund (IMF) will make the final decision on the allocation of the tranche to Ukraine up to June 10, as 112 Ukraine TV channel reported, citing Prime Minister of Ukraine Denys Shmygal.

The sum of the tranche will make $5 billion.

“The memorandum with the IMF – the important topic of the recent weeks. We did a great job by the entire country and the Cabinet of Ministers, ministries, the Verkhovna Rada, and the president personally held the talks. On Friday, the final agreements were reached with the IMF and today we are able to say that until June 10 the session of the IMF council will take place during which the final decision on the allocation of $5 billion tranche to Ukraine will be made,” Shmygal said.

Related: New IMF tranche: What results are we expecting?

As we reported, the expectations of the International Monetary Fund from the Ukrainian government needed to get the new $5 billion credit program was revealed. It should be approved in June.

Earlier, the team of the IMF workers reached the preliminary decision with Ukraine's government on the new 18-months-long stand-by funding program. The IMF mission in Ukraine was led by Ivanna Vladkova-Hollar.

 

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