Ukraine's central bank expects new IMF disbursement in Q1

The National Bank of Ukraine (NBU) hopes to receive a new disbursement from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) program in the first quarter of 2018.

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The disbursement will let the country expand its international reserves to US$22.2 billion, the NBU said in its materials.

The Ukrainian government earlier expected to receive a new IMF tranche by the end of the current year.

Read alsoFinance Minister Danyliuk says Ukraine should manage without IMF in futureIn March 2015, the IMF approved a four-year EFF loan program for Ukraine under which US$17.5 billion will be disbursed. Ukraine has already received four disbursements from the Fund to the tune of US$8.7 billion.

The next IMF mission was originally expected in Kyiv in the second half of September 2017.

The IMF says that to complete the fourth review of the cooperation under the program to receive a fifth disbursement, Ukraine must approve the pension reform, accelerate privatization and show real results in the fight against corruption.

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