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Politics 2020-05-15T06:44:46+03:00
Ukrainian news
IMF Mission To Finish Work In Ukraine By November 21

IMF Mission To Finish Work In Ukraine By November 21

IMF, Ukraine, tranche, mission, NBU, Hontareva

The International Monetary Fund (IMF) mission will have finished its work in Ukraine before this week is out (before November 21).

Deputy Governor of the National Bank of Ukraine (NBU) Oleh Churii announced this for journalists, Ukrainian News Agency reports.

The IMF will release statement summarising the mission work, he said.

The risk of non-disbursement of the next tranche this year has grown, Churii thinks.

In his opinion, Ukraine, most likely, will not receive the fourth IMF tranche.

November 10, the IMF said it was awaiting results of the work of its mission in Ukraine to make decisions on disbursement of the next tranche.

The IMF mission started its work in Ukraine on November 3.

November 8, NBU Governor Valeriya Hontareva said that IMF probably would not disburse the next tranche of USD 1.3 billion for Ukraine because the Verkhovna Rada had failed to pass the necessary laws.

As Ukrainian News Agency earlier reported, the IMF in September approved disbursement of a USD 1 billion tranche to Ukraine.

In its updated Memorandum of Cooperation with the IMF, Ukraine pledged to implement land reform and adopt a law that provides for gradually raising the retirement age for citizens.

In early October, the parliament extended the moratorium on sale of agricultural land by one year until January 1, 2018.

The NBU previously expected the IMF to disburse a USD 1.3 billion tranche to Ukraine.

Больше новостей о: IMF Ukraine tranche mission NBU Hontareva