IMF agrees Ukraine's state budget for 2016, decision on third EFF tranche expected in late Jan-Feb
IMF agrees Ukraine's state budget for 2016, decision on third EFF tranche expected in late Jan-Feb - Jaresko
KYIV. Jan 11 (Interfax-Ukraine) - The International Monetary Fund (IMF) has praised the law on the national budget of Ukraine for 2016 and a package of laws adopted with it, but for the positive decision of the fund on the issue of the third tranche under the EFF program to Ukraine Kyiv needs to fulfill obligations in the field of anti-corruption and other structural reforms, Ukrainian Finance Minister Natalie Jaresko has said.
"The IMF agreed that the adopted budget as a whole complies with the program objectives," she told the Ekonomichna Pravda edition (the Economic Truth).
"When making the decision on providing Ukraine with the next tranche, the IMF management will assess the fulfillment of all preconditions and structural beacons, which should have been implemented by the end of December 2015, but not just the matter of passing the national budget for 2016," Jaresko said.
The minister said in case of the successful implementation of such conditions the fund board of directors might hold a meeting on the issue of the third EFF tranche in late January-February.