Ukraine likely to get $1.7 bln aid installment from IMF

14:59, 25.07.2015 1 min read

Ukraine has won IMF management's endorsement for getting the next installment of its $1.7 billion bailout after passing laws required by the fund and progressing on a debt restructuring with creditors, Bloomberg said referring to a person familiar with the matter.

"The conflict-torn nation is likely to win formal approval for the $1.7 billion disbursement as soon as July 31, when the International Monetary Fund's executive board is scheduled to meet on the issue," said the person, who is familiar with IMF discussions and asked not to be identified.

As reported, on July 24, Ukrainian presidential representative at the Cabinet of Ministers said Ukraine has complied with all the necessary preconditions for holding a meeting of the International Monetary Fund's (IMF) Executive Board on July 31 and expects its positive decision on issuing the next tranche.