REUTERS
Ukraine expects a second tranche of about $2.462 billion to be disbursed under the country's four-year International Monetary Fund program in mid-June, according to a report from the National Bank of Ukraine.
The NBU said the new cooperation program was approved by the Executive Board of the International Monetary Fund on March 11, and the first tranche of $5 billion was received by Ukraine on March 13.
"The first review of implementation of a new program by Ukraine is planned for May 2015, and disbursement of the second tranche worth SDR 1.8 billion (about $2.462 billion) [will come] in mid-June," according to the report.
Currently, the regulator is working on promoting legislative initiatives to be adopted by Ukrainian parliament before the IMF mission starts its review, according to Sergiy Kruglik, Director of the International Relations Department of the NBU.
"The program set forth clearly all the laws and regulations necessary to be amended," he said.