IMF mission to visit Ukraine to discuss multi-billion loan program

10:36, 14 January 2013
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An International Monetary Fund (IMF) mission would visit Ukraine on Jan. 24 to discuss economic developments and possible resumption of a stand-by loan program, National Bank of Ukraine (NBU) chairman Igor Sorkin said here Friday, according to Xinhua.

"During a meeting with the IMF representatives, we will discuss the achievements of the country, and the policies we have been pursuing," Sorkin said during a meeting with government officials.

The mission staff will hold talks with Ukrainian officials on the possible resumption of a 15-billion-U.S.-dollar stand-by loan program, granted in June 2010 but frozen in February 2011.

So far, Kiev has received more than 3.4 billion dollars from the aid package.

Increasing household gas prices is the main precondition for the next tranche.

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