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Economy 2019-02-15T05:29:52+02:00
Ukrainian news
Finance Ministry Sure To Receive 4 IMF Tranches In 2017 Without Raise Of Retirement Age

Finance Ministry Sure To Receive 4 IMF Tranches In 2017 Without Raise Of Retirement Age

The Ministry of Finance is sure that it will received four tranches from the International Monetary Fund (IMF) in 2017.

Minister of Finance Oleksandr Danyliuk said this at a press conference, Ukrainian News Agency reports.

The Ministry of Finance continues discussing technicalities of the Memorandum of Cooperation with the IMF.

According to Danyliuk, all technicalities will be coordinated this week.

Ukraine hopes to receive eight more tranches of the International Monetary Fund (IMF) loan under the Extended Fund Facility (EFF) programme, totalling USD 9.9 billion, before the end of 2018.

Ukraine expects to receive the fourth tranche of the loan, USD 1 billion, in February.

The Ministry of Finance says that there is no demand by the International Monetary Fund to raise the retirement age in the updated Memorandum of Cooperation.

Before, Vice Prime Minister Pavlo Rozenko said that the question of raising the retirement age had been removed from the talks with the IMF on preparing a new version of the Memorandum of Cooperation under the Extended Fund Facility (EFF) programme.

After that, Minister of Social Policy Andrii Reva said that he regards IMF's demand to raise the retirement age in Ukraine political.

As Ukrainian News Agency earlier reported, Governor of the National Bank of Ukraine (NBU) Valeriya Hontareva predicts disbursement of four tranches by the IMF for Ukraine in 2017.

Ukraine expects to receive the fourth tranche of the IMF loan, USD 1 billion, in February.


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