Ukraine bailout from IMF: Loan provision to Ukraine is not on IMF's agenda yet

15:18 Aug. 30, 2016

Loan provision to Ukraine is not on IMF's agenda yet

International Monetary Fund Managing Director Christine Lagarde speaks during a press conference after sessions of the G20, China. Feb. 27, 2016 (AP Images)

IMF Executive Board won't consider Ukraine bailout in early September

The Ukrainian issue concerning stabilization loans will not be included on the agenda of the upcoming meeting of the IMF's Executive Board on September 7.

According to the Fund's website, the IMF's executive directors will conduct meetings to review cooperation programs with Serbia, Belarus, Brunei, Sudan, Bosnia and Herzegovina, and Kiribati.

Since August 2015, Ukraine has received no new IMF tranches from the bailout package approved in April of that year. The progress was suspended because of October local elections of 2015, state budget of 2016 drafting, and political tensions among different branches of power.

Ukraine is currently awaiting the next USD 1.7 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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