14:42 03.07.2014

IMF mission to continue working in Ukraine until end of this week, says source

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IMF mission to continue working in Ukraine until end of this week, says source

The mission of the International Monetary Fund (IMF) that arrived in Ukraine on June 24 to discuss the first revision of the economic program of the country's authorities supported by the IMF's financing will continue working in the country until the end of this week, a well-informed source in the governmental circles has told Interfax-Ukraine.

As reported, the mission planned to finish its work on July 3, 2014.

The Executive Board of the International Monetary Fund (IMF) on April 30 approved a two-year SBA worth SDR 10.976 billion (about $17.01 billion), for Ukraine.

The approval of the SBA enabled the immediate disbursement of SDR 2.058 billion (about $3.19 billion), with SDR 1.29 billion (about $2 billion) being allocated to budget support, which was performed in early May.

It is projected that the second-fourth disbursements scheduled for July 25, September 25 and December 15, 2014 will total SDR 914.7 million each, while the fifth-eighth quarterly disbursements of 2015 will amount to SDR 1.372 billion each. The ninth disbursement of SDR 686 million will be provided in mid-March 2016 if the terms and conditions stipulated in the program are observed.

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