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IMF could discus new tranche for Ukraine in July

Staff Writer | July 19, 2016
Ukrainian Finance Minister Oleksandr Danyliuk has said that there is likelihood that the directors of the International Monetary Fund (IMF) could discus the new tranche for Ukraine in July.
Oleksandr Danyliuk
Ukraine   $4.3 billion could be received by late 2016
He also said that Ukraine could receive $4.3 billion by the end of this year. "There is still likelihood that the board of directors could hold a meeting in July. If this happen in July, the money we will receive in August," the minister said on Inter TV.

Danyliuk said that only technical issues are left in the negotiations between Ukraine and the IMF.

He said that if Ukraine's issue is not settled in July, the board could discuss it at once after their vacation in late August.

"We have a preliminary plan for the IMF: this is $4.3 billion in three tranches, and we seek to receive all three tranches," the minister said.

Danyliuk added that Ukraine's reforms would be assessed for receiving all the tranches. This will become a positive signal for other international financial institutions and foreign investors.