NBU chief: Ukraine to sign memo with IMF for next $1 bln loan in few days
Ukraine will sign a memorandum with the IMF securing another bailout payment worth about $1 billion "in a few days," Head of the National Bank of Ukraine Valeria Gontareva said in an interview with Bloomberg.
The tranche may arrive after the lender's board approves it at the end of February or in early March, she told Bloomberg.
As UNIAN reported earlier, Ukraine and IMF in March 2015 agreed on a four-year Extended Fund Facility program. Under the program, Ukraine has already received three loan tranches, totaling $7.62 billion out of the pledged $17.5 billion.
IMF Executive Board to meet on Ukraine "in coming weeks"At the moment, the IMF is yet to complete the third EFF review, after which Ukraine expects a fourth aid disbursement. Further steps include drawing up a roadmap for further cooperation and the list of necessary reforms for the coming year.
Support of Ukraine by international financial institutions, particularly the IMF and the G7 governments, remains an important element of economic stability and effectiveness of the country's reforms.