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Memorandum on IMF’s third tranche for Ukraine not agreed yet — Ukraine’s finance minister

March 04, 15:56 UTC+3 KIEV
According to the finance minister, it is impossible to speak about the specific date of the third tranche to be received by Ukraine without signing the memorandum
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Ukraine’s finance minister Natalie Jaresko

Ukraine’s finance minister Natalie Jaresko

© Maxim Nikitin/TASS

KIEV, March 4. /TASS/. The memorandum on allocation of the third IMF tranche for Ukraine has not yet been agreed with the Fund, Ukraine’s finance minister Natalie Jaresko said on Friday.

"The memorandum with IMF is a live document updated every fortnight. All the issues are negotiated. I may say there are no significant problems," the minister said.

It is impossible to speak about the specific date of the third tranche to be received by Ukraine without signing the memorandum, Jaresko said. "There is a procedure and it must be met. All the conditions should be met and the memorandum should be signed initially, followed by 2-3 weeks of discussions in the IMF, and the tranche date may be fixed thereafter," the minister added.

The IMF in its turn does not give exact dates of sending its mission to Kiev and completion of the review on Ukraine. "We need to have more clarity about the status of the government and the coalition for us to engage on policy to strengthen and transform the economy and to pave the way to for the completion of the second review of the mission," the IMF spokesman Gerry Rice said earlier.

Under the IMF rules, the completion of the next review of program implementation is an obligatory condition for allocation of loans. The third tranche of the loan for Ukraine was expected to be allocated in December 2015 but Ukraine has not yet received it by now.

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