Jaresko says Ukraine expects up to $10 bln in loans

Ukrainian Finance Minister Natalie Jaresko says that Ukraine expects to receive up to $10 billion in loans from its key lenders, including the International Monetary Fund (IMF), the World Bank, the European Bank for Reconstruction and Development, the U.S. government and the EU.

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"If we continue [cooperation] and aim at a program of reform with the IMF, then it will be up to $10 billion, including the IMF and all bilateral and multilateral sources," the minister said at a briefing at the Ukrainian government.

The minister also informed that the IMF Executive Board would meet soon to decide on further implementation of the economic reform program in Ukraine after the approval of the second review of the Extended Fund Facility program and the Memorandum of joint actions.

"We've had very productive discussions between the president [Petro Poroshenko] and IMF Managing Director Christine Lagarde in Davos. Updates and latest changes to the Memorandum were discussed. We've been working on this. And after that a date of an IMF Executive Board meeting [on Ukraine] will be set. I hope it will happen soon," Jaresko said.

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