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Prime Minister reveals when Ukraine to get second IMF tranche

Source : 112 Ukraine

The IMF mission will arrive in Ukraine on September 18
15:10, 14 September 2021

Open source

Another tranche from the International Monetary Fund (IMF) in the sum of $750 million should arrive in Ukraine at the end of November or the beginning of December as Prime Minister Denys Shmygal reported.

Related: New tranche from the IMF will be discussed this month, - Adviser on economic issues

According to him, the IMF mission will come to Ukraine on September 18. This mission will be the final one in the “preparation and provision of the next tranche. Shmygal explained that after the mission, five-seven weeks of preparation should pass and meeting of the IMF board should be held before the tranche.

“We have fulfilled all conditions, all benchmark rates, which were spelled out in the memorandum with the IMF, are fulfilled by Ukraine. That is why we expect the positive accomplishment of this mission and expect that approximately in December, the end of November – the beginning of December is the date of the possible IMF tranche,” PM added.

Related: Second loan from IMF could amount to USD 700 mln, - National Bank of Ukraine

Shmygal noted that the mission, most likely, will take place in online mode due to the quarantine restrictions.

In June 2020, the IMF approved a stand-by program for Kyiv with a total volume of about $ 5 billion, immediately allocating the first tranche of funding in the amount of $ 2.1 billion. Four reviews of the implementation of the program conditions were scheduled for the allocation of the remaining four tranches. However, the agreed schedule was violated, and funding was suspended due to Ukraine's failure to fulfill a number of obligations.

 

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