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The IMF mission is expected to arrive in Kyiv.
Governor of the National Bank of Ukraine (NBU), Yakiv Smolii, says the NBU expects to get the next tranche under the program with the International Monetary Fund (IMF) in 2018.
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"The [IMF] mission is expected to arrive in Kyiv to work. Later, they will prepare documents for the [IMF] Executive Board. Further, a decision will be made. In any case, it will take a certain period. We expect it will be this year," he told journalists on June 12.
As UNIAN reported earlier, In March 2015, the IMF approved a four-year EEF loan program for Ukraine under which $17.5 billion will be disbursed. Under the program, Ukraine has received only four disbursements from the Fund to the tune of $8.7 billion due to the slow implementation of the agreed reforms. The program is expiring in March 2019. However, the National Bank of Ukraine and the Finance Ministry expect to receive $1.9 billion from the IMF in 2018.
The key requirements of the IMF to continue cooperation include passing a law on setting up an independent anti-corruption court consistent with the recommendations of the Venice Commission, as well as bringing gas prices to import parity and providing a mechanism for their automatic regulation, with a change in the price conjuncture.