Ukraine's Finance Minister Danyliuk: Ukraine needs IMF funds, conditions to be met in Q1

"My task as finance minister is to continue to work with the IMF successfully. When we've got a program with the IMF, we can get additional funding from the World Bank, the EU. These funds are now important," Danyliuk told Channel 5.

Read alsoIMF criticizes Poroshenko's draft law on Anti-Corruption CourtCommenting on the terms for the next tranche from the IMF under the Extended Fund Facility (EFF) program, he recalled that the pension reform was adopted last year. He also expressed the hope that the new privatization law would be passed on January 18.

"I hope we'll have the Anti-Corruption Court Law in the first quarter," he added.

In his words, the delay in further financing by the IMF is one of the factors behind the weakening of the hryvnia, although the existing forex reserves exceeding $18 billion are at a "comfortable" level.

Danyliuk predicts that if Ukraine fails to secure IMF loans, it will have to look for alternative sources of financing, and "it's not that simple."