Ukraine to resume aid talks with IMF in February: official

11:54, 27 January 2012
Politics
1630 0

Tigipko said a Ukrainian delegation...

Ukraine will resume talks with the International Monetary Fund (IMF) on the review of a stand-by aid program in February, Ukrainian Deputy Prime Minister Sergiy Tigipko said Thursday, according to Xinhua.

"We agreed that we would continue these negotiations in two or three weeks. Both sides are preparing for this," Tigipko told at a press conference in Kiev.

Tigipko said a Ukrainian delegation visited Washington on Thursday and held talks with the IMF leadership about the possible resumption of financial cooperation.

According to Tigipko, the IMF`s request to raise gas tariffs for households was the main issue on the agenda during the talks.

In June 2010, the IMF agreed to grant a stand-by credit of nearly 15 billion U.S. dollars to Kiev to tackle its economic problems.

The first two tranches of 3.4 billion dollars have been delivered. But the IMF withheld the third dispatch, citing Ukraine `s failure to raise household gas tariffs, which was one of the key requirements Kiev had to meet if it wanted to receive the aid.

If you see a spelling error on our site, select it and press Ctrl+Enter