IMF loan: IMF to discuss next tranche for Ukraine on September 14 – Poroshenko

10:46 Sep. 8, 2016

IMF to discuss next tranche for Ukraine on September 14 – Poroshenko

Ukrainian President Petro Poroshenko during a meeting with the Managing Director of the IMF Christine Lagarde in Kyiv, September 6, 2015 (GettyImages Photo)

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.

Read also: A year after USD 18 billion debt deal, Ukraine is hardly better off - Bloomberg

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.

Read also: PM Groysman's 100 days: New tariffs, no IMF money

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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