12:00 25.01.2018

Ukraine hopes to get IMF tranche in May

2 min read
Ukraine hopes to get IMF tranche in May

Ukraine plans to fulfill all of its obligations within the IMF's Extended Fund Facility before May 2018, which will help receive the next tranche of a loan, Ukrainian Finance Minister Oleksandr Danyliuk has said.

"I hope that the conditions will be met before May, or maybe earlier," he said on the sidelines of the Ukrainian Breakfast in Davos, Switzerland, early on Thursday.

Among the main conditions, Danyliuk called the adoption of the law on the Anti-Corruption Court and the appointment of the governor of the National Bank of Ukraine.

The minister noted "a lot has been done" over the past month, in particular, the Verkhovna Rada adopted a new law on privatization, while the president introduced to the Verkhovna Rada the candidacy of NBU First Deputy Head Yakiv Smolii to the post of NBU governor.

Danyliuk also expressed opinion that the question on the part of the IMF towards the pension reform had been finally removed. He explained this question arose because the resolutions of the Cabinet of Ministers adopted for the development of the law on pension reform were simply not coordinated with the IMF, but now there are no remarks.

The minister noted after a meeting of President of Ukraine Petro Poroshenko with IMF Managing Director Christine Lagarde in Davos on January 24, the whole list of obligations is now being finally agreed upon to receive the next tranche of the EFF loan.

"We want to put all the dots to understand what we need to do definitively," Danyliuk said.

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