The issue of financial assistance to Ukraine disappeared from the agenda of the IMF Board of Directors

The issue of financial assistance to Ukraine disappeared from the agenda of the IMF Board of Directors


Moscow. March 19. The question of the third review of the eff the EFF for Ukraine disappeared from the agenda of the Board of Directors of the International monetary Fund, which will meet on March 20. According to information on the website Fronde, as of Sunday morning in the agenda of its Board of Directors only a matter of Qatar. Any information about the reasons of such changes on the site.

On March 4, the IMF announced the agreement with the authorities of Ukraine in respect of the Memorandum of economic and financial policies. This opens the way for the completion of the third review of the eff the EFF, the results of which Ukraine may be granted the fourth tranche of funding, volume SDR734,05 million (about $1 billion).

Open the IMF in March 2015 the four-year EFF program total amount of SDR12,348 billion (about us $17.25 billion) with the first tranche of $5 billion originally envisioned by the quarterly revision of the program, the allocation in 2015 of three more tranches of SDR1,18 billion ($1.65 billion) and a decrease in quarterly tranches in 2016-2018 to SDR0,44 billion ($0.61 billion).

Ukraine was able to obtain a small delay in the second tranche for this program to $1.7 billion in early August 2015, and then there was a long pause because of the outstanding number of conditions, political crisis and change of government.

After the arrival of the new government, headed by Volodymyr Groisman in April 2016, the negotiations on the continuation of funding was resumed, however, the IMF decided to allocate the third tranche of $1 billion only in mid-September.

On 16 March, the Minister of Finance of Ukraine Alexander danyluk said that the next credit tranche of the IMF under the EFF program may come to Ukraine next week. “The meeting (of the Board of Directors of the IMF) will take place next Monday and next week we expect tranche, which is very positive,” he said, speaking at the annual conference of investment company “dragon Capital” in Kyiv on Thursday.

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