Ukrainian Finance Ministry: IMF mission completes work in Ukraine

16:49, 18.05.2016 1 min read

A mission of the International Monetary Fund (IMF), which arrived in Kyiv on May 10, 2016, has completed its work, the Ukrainian Finance Ministry's press service told Interfax-Ukraine.

The IMF worked in Ukraine in the framework of the second review of the Extended Fund Facility (EFF) program.

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.

IMF official representatives repeatedly said that the Fund needed more clarity about the status of the Ukrainian government and the Ukrainian parliamentary coalition for the completion of the second review of the EFF and the provision of the third tranche.