14:25 19.12.2017

Finance Minister plans to raise more than two IMF tranches in 2018

Finance Minister plans to raise more than two IMF tranches in 2018

The current Extended Fund Facility program (EFF) of the International Monetary Fund (IMF) for Ukraine is working and there is the opportunity to obtain more than two tranches under the program in 2018, Finance Minister of Ukraine Oleksandr Danyliuk believes.

"The National Bank counts on two tranches from the IMF. I hope that we will get more, this is absolutely realistic," he said at a press conference at the ministry in Kyiv.

According to Danyliuk, it is necessary to successfully complete the current EFF program and then start discussing the new one.

"We focus on the indicators of the National Bank, but I do not see why we cannot get more. My position as a minister is that we must successfully complete this program. There will be time, maybe we will discuss a new program, but this is not the time," he said.

As reported, the director of the financial stability department of the central bank, Vitaliy Vavryschuk, has recently reported that the National Bank remains optimistic about the continuation of cooperation and expects to receive two tranches under the EFF loan from the IMF, on which it bases its macroeconomic forecast of accelerating Ukraine's GDP to more than 3% by the end of 2018.

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