Ukraine has satisfied all IMF obligations
All obligations, prescribed by IMF for Ukraine, was fulfilled, thus, the country is prepared to continue cooperation with the own key creditor, the International Monetary Fund, which opens the way to get the fourth tranche of $1.3 billion. That was claimed by Ukrainian Minister of Economic Development and Trade Stepan Kubiv said at a press conference in Kyiv.
"As of today, Ukraine has fulfilled all obligations to cooperate with the IMF," he said. According to Kubiv, the terms of the memorandum with the IMF are made both from the point of view of macroeconomic indicators, as well as of structural reforms.
"The exchange rate of UAH 27.2 to the dollar, the macroeconomic indicators, and the fulfillment of conditions of the International Monetary Fund were in the statement of the Minister of Finance, and I said about this today. All the conditions are fulfilled, Ukraine has done its "homework." The tranche is important for Ukraine as a signal of confidence and improving the investment climate," Kubiv said.
As was reported earlier, according to Finance Minister Oleksandr Danyliuk, Ukraine expects to conclude talks with the International Monetary Fund (IMF) about the next tranche of a $17.5 billion loan by the end of January 2017. Ukraine has resumed cooperation with the IMF under a four-year Extended Fund Facility (EFF) volume of $17.5 billion in September – after more than a year's break. Under this program, the country has received three loan tranches totaling $7.62 billion.
On November 18, a statement was issued on the results of the work of the latest mission in Ukraine, according to which the adoption of the government's state budget for 2017, consistent with the EFF targets, is one of the conditions for the successful completion of the third revision of the program. In addition, the Fund expects that financial stability is maintained in Ukraine and the measures aimed at combating corruption continue.
Source: UNIAN