IMF Funds for Ukraine: Further IMF bailout for Ukraine delayed (again)

13:56 Aug. 22, 2016

Further IMF bailout for Ukraine delayed (again)

The International Monetary and Financial Committee (IMFC) logo is seen at an IFMC meeting in Washington, D.C., U.S (Getty Images)

Ukraine is absent from IMF Executive Board calendar of upcoming meetings

The issue of Ukraine bailout is not included on the agenda of the upcoming meetings of the International Monetary Fund's Executive Board.

According to the website of Ukraine's key creditor, the IMF's executive directors will meet this month to review the economic situation in Barbados, Jordan, Equatorial Guinea and Serbia.

Earlier, Minister of Finance of Ukraine Oleksandr Danyluk claimed that in general, Ukraine and the IMF have agreed on all issues of cooperation at the beginning of July, but due to some technical holdback, the debate on Ukraine was slightly delayed.

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The government hoped that the Ukrainian issue will be discussed at the end of August.

Read also Fitch downgrades forecast for Ukraine's economy growth

Since August 2015, Ukraine has received no new IMF disbursements from the bailout package approved in April last year.

Ukraine is currently awaiting the next USD 1.6 billion tranche.

Read also Ukraine may get third IMF tranche in parts

The four-year Extended Fund Facility program worth about USD 17.5 billion originally foresaw quarterly reviews of the program, the disbursement of four tranches to Kyiv in 2015, and another four in 2016. However, at present, the country received only the first tranche worth USD 5 billion on March 13, 2015, and the second one worth USD 1.7 billion arrived on August 4, 2015.

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