10:46 Sep. 8, 2016
Organization is expected to resume cooperation with Kyiv, which was halted due to political crisis in the country
The International Monetary Fund (IMF) is planning to resume economic cooperation with Ukraine and is expected to discuss the next loan tranche for the country on September 14.
This is reported by Ukrainian President Petro Poroshenko.
‘Upon my talks with Christine Lagarde, the IMF has officially included Ukraine in its agenda. I'm expecting a positive decision', the President posted on Facebook and added a link to the official website of the organization which confirms the Fund is going to discuss the issue.
The IMF has halted financial aid to Kyiv due to the political crisis that ended with a reboot of the Ukrainian government. Since than several country's officials have claimed Kyiv is ‘very close' to resuming the cooperation.
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.