REUTERS
The meeting of the IMF Executive Board on allocation for Ukraine of the fourth loan tranche in the amount of $1.7 billion under the Extended Fund Facility will be held in the coming weeks, IMF spokesman Gerry Rice told a briefing in Washington January 12.
"We expect it [the meeting of the IMF Board on allocation of another tranche for Ukraine] to be [held] soon and in the coming weeks, and let me say why. Because we see good progress having been made on the policies needed to complete the third review under the IMF arrangement, which is an Extended Fund Facility of around $17.5 billion," said Rice.
At the same time, the IMF spokesman has noted that to complete preparations for the third review ahead of the allocation of the fourth tranche, Ukraine is yet to boost its energy market reform.
Read alsoWestern incentives for Ukrainian growth"We think, adoption of the 2017 budget in Ukraine is consistent with Program targets. The filing of asset declarations by high level officials and decisive actions to safeguard financial stability have been important recent results. So, IMF staff had been in close contact with our partners on Ukraine on remaining policy initiatives needed for the completion of the third review, including to lock in the gains made in the energy sector reforms… Assuming all the remaining issues are resolved soon, again, we expect to propose the completion of the review to our Executive Board in the coming weeks," Gerry Rice said.
Read alsoUkraine fulfills all obligations to cooperate with IMF – KubivAs UNIAN reported earlier, according to Finance Minister Oleksandr Danyliuk, Ukraine expects to conclude talks with the International Monetary Fund (IMF) about the next tranche of a $17.5 billion loan by the end of January 2017.
Ukraine has resumed cooperation with the IMF under a four-year Extended Fund Facility (EFF) volume of $17.5 billion in September – after more than a year's break. Under this program, the country has received three loan tranches totaling $7.62 billion.
On November 18, a statement was issued on the results of the work of the latest mission in Ukraine, according to which the adoption of the government's state budget for 2017, consistent with the EFF targets, is one of the conditions for the successful completion of the third revision of the program. In addition, the Fund expects that financial stability is maintained in Ukraine and the measures aimed at combating corruption continue.