REUTERS
Ukraine may launch a new program of cooperation with its key creditor, the International Monetary Fund, once the sides fully implement the current one providing for a total of $17.5 billion in loan funds until 2019 for Ukraine, that’s if the reform plan is fulfilled, the Ukrainian government press service quoted Prime Minister Volodymyr Groysman as saying.
"We have a program that must be implemented and completed. Perhaps there will be a need for a new program, and I’d like to start - upon completion of this one - a new program of cooperation. It is important. This is like creating a new action plan, with new challenges. I stand for more progress," the prime minister said.
As UNIAN reported earlier the IMF Executive Board on April 3, 2017 completed its third revision of the EFF for Ukraine. On April 5, the National Bank received another IMF bailout tranche in the amount of $1 billion.
Read alsoUkraine central bank says reform delays will slow IMF aid - ReutersAccording to the forecasts by S&P Global Ratings, Ukraine is likely to receive the next disbursement from the IMF and the related financing from external donors in the second half of 2017 subject to progress in carrying out land and pension reforms.
Ukraine in 2015 resumed cooperation with the IMF on a four-year Extended Fund Facility worth $17.5 billion, after more than a year's break. As part of the third EFF revision, Ukraine pledged to adopt land reform by the end of May, and pension reform - until late April 2017, but relevant legislative initiatives have not yet been considered in parliament.
Read alsoNo official confirmation from IMF on exclusion of land reform from Ukraine memo – sourceAccording to Mr Groysman, the IMF will postpone the allocation of its next tranche to Ukraine totaling up to $1.9 billion because the parliament is not ready to adopt within the current session (ending July 15) land reform providing farmland trade by citizens of Ukraine.