NBU: Ukraine hopes to intensify IMF cooperation in 2016

14:17, 19.05.2016 1 min read

Ukraine hopes to intensify cooperation with the International Monetary Fund (IMF) in 2016, Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Solohub told reporters on Thursday.

He said that by the end of this year three revisions of the Extended Fund Facility (EFF) program are scheduled – in July, September and December.

"The program today takes into account figures for late March. The expansion for the next tranche will be made in July. Maybe in September the revision using July figures will be made. The decision for late September figures could be made in December," he said.

The four-year EFF program for Ukraine totaling SDR 12.348 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 worth $5 billion and the second one worth $1.7 billion.