11:47 18.04.2016

IMF mission to visit Ukraine soon

2 min read
IMF mission to visit Ukraine soon

A mission of the International Monetary Fund (IMF) will visit Ukraine soon, IMF Head Christine Lagarde said at a meeting with the Ukrainian delegation during the Spring Meeting of IMF and World Bank in Washington.

"Lagarde stressed that the Fund is prepared to continue to support our country on its path of economic transformations and stated that the IMF mission will visit Ukraine soon," the Ukrainian Embassy to the U.S. said on Monday after the talks.

For her part, Ukrainian National Bank Governor Valeriya Gontareva said that Ukraine's highest priority was to implement the reforms foreseen in the cooperation program with the IMF.

The four-year EFF program for Ukraine totaling SDR12.348 billion (about $17 billion), opened by the IMF in March 2015, originally foresaw quarterly revisions of the program, the issue of four tranches to Kyiv in 2015, 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 official representatives said that the Fund needs more clarity about the status of the Ukrainian government and the Ukrainian parliamentary coalition for the completion of the second review of the EFF and the provision of the third tranche.

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