The IMF mission started its work in Ukraine.
The mission of the International Monetary Fund on May 10 started its work in Ukraine.
“The mission will work in Kiev in the period up to May 18 in the framework of the second review of the expanded program funding EFF”, – he said.
Earlier the head of the Fund’s Christine Lagarde at a meeting with Ukrainian delegation at the spring meeting of the World Bank the IMF in Washington on April 20 reported that the mission intends to visit Ukraine in the near future. After that the new Ukrainian government under the leadership of Vladimir Groisman has decided to align the price of gas for the population to the market level, which is one of the key conditions for continued cooperation with the Fund.
Open the IMF in March 2015 a four-year EFF program for Ukraine totaling 12.348 billion SDR (about $ 17 billion) originally planned to carry out a quarterly review of the program, the allocation of Kiev in 2015, four tranches in 2016 – four more. However, to date, the country has received only the first tranche of funds for the $ 5 billion the second to $ 1.7 billion Since autumn of last year the program was virtually suspended.
Officials from the IMF have repeatedly said that the Fund expects to clarify the situation around the Ukrainian government and the stability of the parliamentary coalition, as well as demonstrations against corruption and willingness to continue reforms to complete the second review of EFF programs and the allocation of the third tranche.
Representatives of Ukrainian authorities have noted that the current resources allow to keep the macroeconomic stability in the country with the extension of the pause in the financing of the IMF to October this year, but said that would make every effort to obtain the next tranche of this summer. To this end, in addition to the decision on gas prices, you must navigate through the Verkhovna Rada of 13 laws.
