IMF intends to provide $1.7 bln in third EFF tranche to Ukraine

18:33, 19.05.2016 1 min read

The International Monetary Fund (IMF) intends to provide Ukraine with $1.7 billion in the third tranche of funding under the Extended Fund Facility (EFF) program, IMF spokesman Gerry Rice said.

"As for the amount, so far as I know, this is one tranche not a bundling to the best of my knowledge. I believe the sum is about $1.7 billion but let my team verify that," he said at a regular press briefing in Washington on Thursday.

Rice recalled that the matter of continuing cooperation with Ukraine under the EFF will be considered at the IMF board meeting in July.

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.