IMF reaches deal with Ukraine, next loan disbursal comingStaff Writer | March 6, 2017
The International Monetary Fund (IMF) said it had reached an agreement with Ukraine on an updated memorandum under a $17.5 billion programme.
An updated memorandum A $17.5 billion programme
"The IMF staff has reached agreement with the Ukrainian authorities on an updated memorandum of economic and financial policies," Ron van Rooden, the IMF's Ukraine mission chief, said in a statement.
Disbursements under the programme have been delayed repeatedly over the past two years due to stop-start progress on reforms.
The latest tranche of $1 billion was contingent on Ukraine passing an IMF-backed 2017 budget and implementing banking system reforms. ■