REUTERS
The International Monetary Fund in the coming weeks may propose its Executive Board to complete the third review of the Extended Fund Facility and allocate the fourth loan tranche worth $1 billion for Ukraine, IMF speaker William Murray told reporters at a Thursday briefing in Washington.
"Assuming all remaining issues are resolved soon, we expect to propose a completion of the [third] review [of the EFF] to the Executive Board in the coming weeks but I don’t have any more specific on the exact timing of the Board meeting," Murray said.
Read alsoBiden urges Ukraine to meet IMF requirements, continue reform in energy sectorThe IMF spokesman added that in order to secure the completion of the review, the Ukrainian authorities should resolve a few remaining issues. However, Murray did not elaborate on the issues in question.
"Progress has been made on policies needed to complete the third review under the Extended Fund Facility arrangement. We are in close contact with the authorities on a few remaining issues that need to be resolved, notably to finalize the memorandum of economic and financial policies regarding the timing of upcoming measures. So, that memorandum is in a process of being finalized," the IMF spokesman said.
Read alsoDialogue with IMF on retirement age underway, while Cabinet strongly opposes any increase – Deputy PMAs UNIAN reported earlier, Ukraine had in September 2016 resumed its cooperation with the IMF under the four-year EFF totaling $17.5 billion, after almost a year-break.
Ukraine has already received three loan tranches worth $7.62 billion within the EFF framework.
According to the Governor of the National Bank of Ukraine, Valeria Gontareva, Ukraine in 2017 may see four IMF tranches.