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Reaching agreement on a new Memorandum with the IMF is a matter of weeks.

Reaching agreement on a new Memorandum with the IMF is a matter of weeks.

Posted in News.

The updated Memorandum of cooperation with the International Monetary Fund may be agreed in the coming weeks, the Head of the Ministry of Finance Alexander Danyluk.
“Now, when a new government is appointed, that is, there is a second party (the agreement), to agree on a new memorandum is a matter of weeks”-he said.
Ukraine before the end of the semester will receive the next tranche from the key creditor countries the International Monetary Fund in the amount of $ 1.7 billion, according to the forecast of the international rating agency Moodys.
The IMF approved a loan program of the Ukrainian economy with increased funding mechanism (Extended Fund Facility) totaling $ 17.5 billion for the period of 4 years, in March 2015. The first tranche of the new program in the amount of $ 5 billion Ukraine has received on March 13 the second – at $ 1.7 billion – 4 August 2015.
As reported, the IMF mission on May 10 started its work in Ukraine in the framework of the second review of the EFF Extended Fund Facility program. The mission will run until 18 May. The result of the revision must be approved by a memorandum between the Ukrainian authorities and the IMF Board of Directors.

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