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The International Monetary Fund sees no need for the arrival of another assessment mission in Ukraine to agree on the updated memorandum of cooperation with the official Kyiv, according to Fund's Permanent Representative in Ukraine Jerome Vacher who spoke at the 12th investment conference hosted by Dragon Capital Company in Kyiv on Thursday.
"That's not necessary," said Vacher answering a question, when the Fund's mission is expected to arrive in Kyiv after agreeing an updated memorandum on cooperation with Ukraine.
As UNIAN reported earlier, the IMF official emphasized the Fund expects the country to put more effort into tackling corruption: “There’s a serious lack in this area. One can’t really say that nothing is being done, but the current efforts are not enough.”
The disbursement of the third tranche is vital for Ukraine as it will help unlock further financial assistance from Ukraine's international partners, including $1 billion guarantee from the U.S. government, and loan funds from the EU and World Bank.
Read alsoUkraine, IMF not in talks on new cooperation program – JareskoThe process of the approval of the memorandum has been delayed due to recent reports about possible resignation of the government.
As reported, the IMF on March 11 2015, approved a four-year EFF worth $17.5 billion for Ukraine. The first tranche worth $5 billion under this program arrived in Ukraine on March 13, 2015. The second tranche worth $1.7 billion was transferred to Ukraine on August 4, 2015.