REUTERS
The IMF's Executive Board will decide on a new disbursement to Ukraine based on the results of the mission's work.
Governor of the National Bank of Ukraine (NBU) Yakiv Smolii says the regulator expects that a mission from the International Monetary Fund (IMF), Ukraine's key lender, will arrive to Kyiv in the middle of May, as planned.
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"The mission is expected to arrive in the middle of May, as planned," he told reporters at a Kyiv briefing on Thursday, April 25.
The IMF's Executive Board will decide on a new disbursement to Ukraine based on the results of the mission's work, he added.
Smolii says the central bank has already fulfilled all conditions of the IMF program to secure the next disbursement.
UNIAN memo. The IMF Executive Board approved a new 14-month Stand-By Arrangement for Ukraine in the amount of US$3.9 billion. Ukraine received the first disbursement worth US$1.4 billion under the new program on December 21, 2018. Another two disbursements worth $1.3 billion each depend on a review of the implementation of the program conditions in May and in November 2019. The program expires in February 2020.
By the arrival of the IMF mission in May, the parliament needs to adopt a "split" law (the division of the functions of the National Commission for Regulation of Financial Services Markets between the National Bank and the National Commission on Securities and Stock Market), while the government has to complete the unbundling of the State Fiscal Service (the creation of the tax service and the customs service on the basis of the SFS).