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IMF mission to arrive in Ukraine on May 10 to discuss revision of financing program

May 05, 13:11 UTC+3 KIEV
The Mission is going to continue discussing revision of the second part of a four-year Extended Fund Facility program (EFF) with the Ukrainian authorities
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© EPA/JIM LO SCALZO, Archive

KIEV, May 5. /TASS/. The mission of the International Monetary Fund (IMF) during the visit to Ukraine on May 10-18 will discuss the question of revising Ukraine's financing program, the IMF representative Jerome Vacher said on Thursday.

"The IMF mission, headed by Ron van Rooden will work in Kiev on May 10-18, on the political level the Mission is going to continue discussing revision of the second part of a four-year Extended Fund Facility program (EFF) with the Ukrainian authorities," he said.

In late April of 2014, the IMF approved the "stand by" loan program for Ukraine in the amount of $17.1 bln for two years. In early May of 2015, Kiev received the first tranche for $3.2 bln, and in August it received the second in the amount of $1.7 bln.

The third tranche was expected in December 2015, but Ukraine did not receive it.

According to media reports, the delay was due to the lack of specifics with the budget for 2016 and the political crisis in the Ukrainian government.

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