IMF still waiting for much more progress by Ukraine before second SBA tranche – fund
Ukraine and the International Monetary Fund (IMF) are still in close discussions on the Stand-By Arrangement aimed at completing its first review and the issue of the second tranche, IMF Spokesperson Gerry Rice has said.
He said at a traditional briefing in Washington some progress has been made, but more is needed to complete the first review.
Rice, without disclosing details, recalled that the goal of the measures specified in the program is, in particular, to improve governance in the National Bank and legislation on banking supervision, to reduce the budget deficit in the medium term, and to strengthen the anti-corruption vertical and the judicial system.
On June 9, 2020, the IMF approved a new 18-month Stand-By Arrangement for Ukraine for SDR3.6 billion (about $5 billion) with an immediate issue of $2.1 billion of the first tranche.
Advertising
Advertising
MORE ABOUT
Ukraine's Finance Minister holds number of meetings within World Bank-IMF Spring Meetings in Washington
09:28, 16.04.2024
Participants in IMF and World Bank spring meetings to discuss support for Ukraine
20:08, 12.04.2024
Updated memo on EFF with IMF contains 13 steps to deepen infrastructure of financial markets and supervision
20:17, 26.03.2024
Ukraine receives $880 mln from IMF - Shmyhal
12:44, 26.03.2024
In updated EFF arrangement with IMF, Ukraine manages to postpone deadlines of three benchmarks, do without new ones - memo
15:02, 23.03.2024
LATEST
Number of transfers via NovaPay up by 18%, transactions by 24% in Q1 2024
19:32, 01.05.2024
McDonald's plans to expand partnership projects with filling stations
13:54, 01.05.2024
McDonald's preparing to renovate restaurant near train station in Kyiv, looking for site next to Lviv train station
12:57, 01.05.2024
Share of home purchase transactions on installment terms reaches 95% – DIM Group
10:43, 01.05.2024
Pharmaceutical firm Darnitsa could attract loans of up to UAH 5 bln within one year