According to Smoliy, Ukraine will receive the IMF tranche this year.
A new tranche of macro-financial assistance from the International monetary Fund (IMF) will arrive in Ukraine during the 10 days before Christmas, that is until December 15.
As transfers the Internet edition of the Chronicle.info with reference to New times, reported the head of the NBU Yakov Smoliy an interview with Reuters.
At the same time, he did not specify the tranche amount, but noted that it will allow the Bank to increase foreign exchange reserves from $17.8 billion to $19.2 billion, that is $1.4 billion.
We will remind that on October 19 Ukraine and the IMF reached a working dogovorennosty new 14-month program of support to the economic policy stand-by arrangement (SBA) for $3.9 billion, which will replace the program of expanded financing (EFF). Programme of international assistance stand-by is given to those countries that came out of the pre-default state.
Ukraine is now cooperating with the IMF in EFF program, which was approved in March 2015 and expire in March 2019. Program has been provided for Ukraine about $17 billion from the first tranche of $5 billion, Ukraine was able to obtain a slight delay in the second tranche for this program to $1.7 billion in early August 2015, and then there was a long pause in connection with the failure of a number of conditions, political crisis and change of government.
After the arrival of the new Cabinet in April 2016, the negotiations on the continuation of funding resumed, however, the Fund decided to allocate the third tranche of $1 billion only in mid-September, the fourth – 3 April 2017. Just for the EFF program, Ukraine has received $7.7 billion.
Earlier, the IMF Board of Directors stated that they are ready to approve a new programme to support the economic policy of Ukraine only after the final revision of tariffs for heating in accordance with the increase in gas prices.
Yesterday, 5 December, the Cabinet approved the draft of the letter of intent of the government and the national Bank to the International monetary Fund and the Memorandum on economic and financial policy