IMF’s Lagarde, Poroshenko to discuss Ukraine reform for allocating another aid tranche

“Madame Lagarde and President Poroshenko plan to meet in Davos, which they have done, actually, in previous meetings in Davos, too… I think they will discuss the recent developments and prospects for reform in Ukraine and particularly those that will help pave the way for the completion of the program review,” Gerry Rice said.

Read alsoIMF criticizes Ukraine’s pension reformAs UNIAN reported earlier, the IMF noted that, to complete the fourth revision of the cooperation program and receive the fifth tranche, Ukraine needs to ensure that the pension reform is consistent with the objectives of cooperation, including long-term financial sustainability of the Pension Fund; as well as pass a law on privatization, bring gas tariffs in line with import parity, create an anti-corruption court, and adopt a budget for 2018 with a deficit of no more than 2.5% of GDP.

The National Bank of Ukraine expects to receive in 20188 two credit tranches from the IMF totaling $3.5 billion.

Read alsoReuters: Ukraine passes privatisation law needed for IMF aidUNIAN memo. In March 2015, the IMF approved a four-year lending program for Ukraine, the Extended Fund Facility, worth $17.5 billion. Within the program’s framework, the country received four tranches from the Fund totaling $8.7 billion.