IMF mission to arrive in Kyiv Sept 12 – source

21:50, 31 August 2017
Politics
16 0

The mission of Ukraine’s key creditor, the International Monetary Fund, will begin its work in Kyiv on September 12, an informed source in the Ukrainian government told UNIAN.

REUTERS

"The IMF mission is expected on September 12," the source said.

Representatives of the Fund will assess the country's fulfillment of its obligations ahead of the next revision of the Extended Fund Facility, according to the source.

As UNIAN reported earlier, the IMF in March 2015 approved a four-year Extended Fund Facility for Ukraine worth $17.5 billion.

Read alsoUkraine fulfills all criteria of cooperation program with IMF - NBUAs part of the program, the country has already received four loan tranches from the Fund totaling $8.7 billion.

Following the third revision of the EFF, the International Monetary Fund called on 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.

Read alsoIMF says Ukraine’s land reform not a "must" for another bailout trancheIn addition, according to the IMF, Ukraine cannot further postpone the implementation of large-scale pension reform, including raising the effective retirement age.

Ukraine expects to receive in the current year two more tranches from the IMF totaling $3 billion.

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