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The National Bank is waiting for IMF decision on a new tranche next week

The National Bank is waiting for IMF decision on a new tranche next week

Posted in News.

Next week, a meeting of the Board of Directors of the International Monetary Fund (IMF) may take place, at which a decision will be made on the next tranche for Ukraine. This was stated at the briefing Chairman of the National Bank of Ukraine (NBU) Yakov Smoliy.
According to him, this week the IMF mission in Ukraine is finishing its work. The main emphasis during negotiations with the Ukrainian authorities, the representatives of the fund do, as before, on pension and land reforms and the development strategy of state-owned banks.
“There are a lot of issues in the negotiation process, the key ones are known to everyone: pension reform, land reform, we are also working on issues, the NBU’s agenda is a strategy for the development of state banks, this is the corporate management of state-owned banks,” Smoliy said.
The IMF mission began work in Kiev on May 16.
In March 2015, Ukraine signed with the IMF a memorandum on economic and financial policies, which the country should carry out within the framework of the EFF program. In total, the program provides for Ukraine to receive about $ 17 billion, of which $ 7.7 billion has already been allocated.