The total amount of funds which Ukraine expects to get from the International Monetary Fund (IMF) in 2016 under the Extended Fund Facility (EFF) program is $1.7 billion, Ukrainian Prime Minister Volodymyr Groysman has said.

"The total amount of funds in 2016 should be $1.7 billion," he said at a press conference in Kyiv after his visit to the United States.

The prime minister did not disclose when the funds will be made available.

"Let's see what the IMF's decision would be," he said, adding that he would know when the funds hit before the end of the budget year.

He said that the Finance Ministry and IMF continue technical cooperation.

"When technical work is carried out by them [the Finance Ministry] with the IMF, the finance minister will present the report and then we will decide what are next steps will be," he said.

As reported, the four-year Extended Fund Facility (EFF) program, which opened in March 2015 and totaled SDR 12.348 billion (around $17 billion according to the current exchange rate), with the first tranche of $5 billion, initially involved quarterly reviews of the program, disbursing three SDR 1.18 billion (around $1.63 billion) tranches in 2015, as well as reducing quarterly tranches in 2016-2018 to SDR 0.44 billion ($0.61 billion). Ukraine received only the two first tranches.