IMF names conditions for Ukraine to receive fifth loan tranche

Regarding the fourth EFF revision, the IMF expects that it will be possible after the program-required legislation is adopted, according to Gerry Rice.

The key issues the IMF official has mentioned are pension reform, steps to accelerate privatization, and concrete results in the fight against corruption.

Addressing the said issues would be key to ensure that the program of cooperation continues, according to Rice.

The IMF spokesman also noted that an important condition for the program to continue will be the adherence of Ukraine's energy and fiscal policy to the targets set by the IMF.

Read alsoAfter IMF meeting, Ukraine PM says committed to reforms – ReutersAs UNIAN reported earlier, the next visit of the IMF mission to Ukraine was expected on September 19, but later the Fund stated that there had been no exact date set yet, and the visit of the mission was possible in the near future.

On September 13, during a visit to Ukraine, IMF Deputy Managing Director David Lipton said that the country, provided that reforms are continued, after achieving economic stabilization, will ensure promising future that will be supported by the growth of global economy.

President of Ukraine Petro Poroshenko and Prime Minister Volodymyr Groysman during their meetings with Lipton expressed Ukraine's readiness to continue cooperation with the IMF within the framework of the cooperation program and to implement the necessary reforms.

In March 2015, the IMF approved a four-year Extended Fund Facility for Ukraine totaling $17.5 billion. Within the program’s framework, Ukraine has already received four loan tranches worth a total of $8.7 billion.

Read alsoWill cooperation with IMF be put off pauseAccording to the results of the third EFF revision, the IMF urged the Ukrainian authorities to accelerate structural reforms, starting with privatization and farmland market development, in order to achieve faster and more sustainable growth, and noted the lack of concrete results in the fight against corruption.

In addition, according to the IMF, Ukraine cannot postpone much longer the implementation of large-scale pension reform, including raising the effective retirement age.

Read alsoPoroshenko meets with IMF's LiptonThe NBU expects the IMF to allocate $2 billion to Ukraine by the end of 2017.