Ukraine expects that the Executive Board of the International Monetary Fund (IMF) at a meeting in August would make a positive decision regarding the resumption of financing of the credit program, Ukrainian Finance Minister Oleksandr Danyliuk has told reporters.

He said that before the meeting Ukraine will be able to settle all technical issues left unsolved.

"We have done many things… I think that in August a meeting of the board will be held and the creative decision will be," Danyliuk said.

The minister said that bills that have not been passed by parliament are not of large importance for resumption of the program, but the number of these bills is an alarm signal.

The minister said that a delay with the decision from the IMF would not affect the hryvnia exchange rate.

"I do not see any preconditions that the exchange rate could react somehow on it. The situation with reserves is stable," he said.

As reported, the four-year EFF program for Ukraine totaling SDR 12.348 billion (about $17 billion at a current exchange rates), opened by the IMF in March 2015, originally foresaw quarterly revisions of the program, as well as the issue of four tranches to Kyiv in 2015, with another four in 2016. However, at present the country has received only the first tranche of funds for $5 billion and the second one worth $1.7 billion. The IMF supposed the allocation of funds in 2015 of another three tranches per SDR 1.18 billion each (about $ 1.63 billion) and a decrease in quarterly tranches to SDR 0.44 billion ($ 0,61 billion) in 2016-2018.

At the same time, Ukraine was able to get only the first two tranches.