Ukraine sends requests for rescheduling IMF tranches
Ukraine has sent a request for rescheduling new reviews of the Extended Fund Facility (EFF) for Ukraine and next tranches under the facility.
This is outlined in the agenda of the meeting of the IMF Executive Board for April 3 posted on the IMF website.
In addition, Ukraine sent a request for financing assurances review.
Ukrainian authorities sent the similar requests during the second review of the EFF.
"In light of the delays in completing this review and in policy implementation in some areas, notably pension reform, the authorities are requesting a reduction in the number of reviews to 11 and rescheduling remaining access in order to align purchases with reform progress and balance of payments needs," the IMF said in its materials after the second review of the EFF.
As reported, the issue of the third review of the EFF program for Ukraine was dropped from the March 20 agenda of the IMF Executive Board.
The Finance Ministry said that the meeting has been postponed only because of the need to clarify the calculation of the economic consequences of the measures Ukraine introduced in response to the blockade and seizure of Ukrainian enterprises in the non-government-controlled areas of Donetsk and Luhansk regions, and also in light of the Russian recognition of documents issued in those areas.
The National Bank of Ukraine (NBU) said that the central bank revised its macroeconomic forecasts, taking into account the effect of the blockade.
On March 30, Ukrainian Finance Minister Oleksandr Danyliuk said that the IMF Executive Board of the will consider the third review of the EFF for Ukraine on April 3, 2017.