27 October 2016

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Another IMF tranche disbursement suggests restoring confidence in Ukraine - Groysman

The decision of the International Monetary Fund on the disbursement of the next loan tranche is the evidence of restoring confidence in Ukraine, Prime Ministr Volodymyr Groysman wrote on Facebook.

Photo from UNIAN
Photo from UNIAN

"I welcome the IMF decision to allocate another tranche for Ukraine. This is the evidence that confidence in Ukraine is restoring. It is also very important for our government that we have managed to achieve the renewal of cooperation with the IMF within months," said Groysman.

The prime minister said that that the IMF tranche is not just what the economy needs, it is also a signal to foreign investors that they can and should invest in Ukraine’s economy.

IMF okays third disbursement to Ukraine under EFF"Stabilization of the economic situation allows us to put on the agenda the issue of raising social standards. Last week, when drafting the state budget, we have laid such decisions in it," said Groysman.

As UNIAN reported earlier, the IMF completed the second review of the Extended Fund Facility (EFF) program of cooperation with Ukraine and approved the allocation of a third tranche worth $1 billion.

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