Authorization

IMF mission begins work in Kyiv

[img]https://img.112.international/original/2018/02/28/271385.PNG">
Open source
The mission of the International Monetary Fund (IMF) headed by Ron van Rooden has begun its work in Kyiv as Interfax-Ukraine reported.
It was also specified that the mission arrived in Kyiv on the eve.
Acting Finance Minister of Ukraine Oksana Markarova noted that the Ukrainian side intends to discuss all current issues with the IMF, including the continuation of the cooperation after the end of the program in March 2019.

Earlier Goesta Ljungman, Permanent Representative of IMF in Ukraine claimed that IMF mission will visit Kyiv from September 6 through 19, 2018, to discuss the latest economic developments and economic policy and the following steps, including financial aid. 
“At the request of the Ukrainian authorities, the IMF mission will visit Kyiv from September 6 through 19, 2018, to discuss the latest economic developments and economic policy. The mission will also discuss the following steps including financial aid of IMF for policy support, aimed at the maintaining of macroeconomic stability and economic development towards sustainable and inclusive growth,” Ljungman claimed.

Ukraine cooperates with the IMF since 1992. Kyiv got nine tranches during this time.
Ukraine partially repaid the IMF under the stand-by program of 2014. Kyiv repaid two tranches - $37 billion and $87 billion.
The loan program for Ukraine in the amount of $17,01 billion was approved by the IMF at the end of April 2014. The first tranche of the stand-by loan in the amount of $3,19 billion was sent to Ukraine at the beginning of May.

The IMF Board of Directors approved the allocation of $17,5 billion for Ukraine in March 2015 by the EFF (Extended Fund Facility) four-year program instead of the stand-by program.
The stand-by program was replaced by the “scheme of extended funding” due to the long-term need of Ukraine’s pay balance.
Ukraine received the first $5 billion tranche under this program in March of 2015, the second one – $1,7 billion in August of 2015, the third one - $1 billion in September of 2016, and the fourth one - $1 billion in April of 2017.
Related video:
[/i]
IMF mission begins work in Kyiv
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Ноябрь 2018    »
ПнВтСрЧтПтСбВс
 1234
567891011
12131415161718
19202122232425
2627282930