IMF says Ukraine will undoubtedly get next tranche

International Monetary Fund (IMF) Mission Chief in Ukraine Ceyla Pazarbasioglu has said that there is no doubt that Ukraine will get the second tranche of the fund's USD 16.4 billion loan, Ukrainian Vice Premier Hryhoriy Nemyria said after a phone conversation with the IMF mission chief, according to Ukrinform.

He said that yesterday's reports in the media that the IMF could stop crediting Ukraine are untrue. Nemyria phoned Pazarbasioglu in the presence of journalists and she told him that the IMF Executive Board would consider the allocation of the next tranche to Ukraine at a meeting on May 13.

Following the first review of its program of cooperation with Ukraine, the IMF is planning to allocate USD 2.8 billion in the next tranche to the country, with half of these funds to cover Ukraine's state budget deficit. The third tranche worth USD 2.8 billion is expected after a review of the program in mid May.

On November 5, 2008, the IMF decided to allocate USD 16.4 billion to Ukraine to help the authorities restore financial and economic stability and strengthen confidence amid the global financial crisis.In November 2008, Ukraine received USD 4.5 billion in the first tranche of the stand-by arrangement.

ForUm

Discuss news in the Forum

One-line news

13:19 In Davos, President Viktor Yanukovych took part in a World Economic Forum session “New Energy Architecture: Enabling an effective transition.”

10:10 In Davos, President Viktor Yanukovych took part in a session of the World Economic Forum titled "Energy for Economic Growth.” During the session, President Yanukovych brought up the issue of energy security of Ukraine, and told about the implementation of new technologies to use alternative and unconventional energy sources in our country.

24 January 2012

13:48 A Ukrainian delegation has left for Washington to hold talks with the International Monetary Fund (IMF), Ukrainian Finance Ministry spokesperson Viktor Kosarchuk has said.

All news

News

10 February 2012

17:20 Russia to exclude Ukrainian goods if Ukraine refuses to join Customs Union

16:50 Russian ambassador: Kyiv and Moscow will agree on gas within the nearest future

16:20 Azarov promises to send 10 thousand students to study abroad

15:45 PM Azarov: Ukraine found new suppliers of gas and oil

15:20 Ukraine preparing for presidency in OSCE

15:05 Tymoshenko's daughter appeals to Prosecutor General about torture of her mother

14:45 Teishera was misquoted regarding his statement of FTA between Ukraine and EU, EU representative office says

14:20 Ukraine, Latvia sign program of economic cooperation until 2013

14:00 Teishera: FTA with CIS and EU is impossible

13:30 Tymoshenko starts serving her term in prison

13:05 Security Service of Ukraine warns about Internet frauds

12:40 Agriculture Ministry asks grain traders to refrain from wheat exports

12:15 Justice Minister: Tymoshenko was convicted in accordance with European norms

11:50 Justice Ministry to reform High Justice Council

11:30 Baloha: We do not need stratospheric means to settle homeless people

All news

Top

Editorial staff:english@for-ua.com
Republication or redistribution of ForUm content, including by framing or similar means,
is allowed with the reference to en.for-ua.com only.
All rights are reserved by © LTD. Inter-Media, ForUm 2001-2012