: RFE/RL: IMF announces further delay in Ukraine bailout

14:59 Jul. 29, 2016

RFE/RL: IMF announces further delay in Ukraine bailout

The logo of the International Monetary Fund (IMF) is displayed out the headquarters in Washington, D.C., U.S., on Monday, May 16, 2011. (Getty Images)

Ukraine is currently awaiting the next USD 1.6 billion tranche from the bailout, intended to help stabilize the country

The International Monetary Fund (IMF) says that it has not yet decided to resume a bailout of Ukraine, which was halted over corruption concerns last year.

IMF spokesman William Murray said on July 28 that the IMF's executive board would not vote on a release of the next portion of Ukraine's USD 17.5 billion bailout package until at least mid-August, after the board returns from a two-week break.

Read also Ukraine may get third IMF tranche in parts

The Washington-based organization earlier said that a review on unlocking the next loan tranche was nearing completion and it could be considered in July.

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

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