The mission of the Foundation reached an agreement with the Ukrainian authorities in relation to the Memorandum of economic and financial policies.
The international monetary Fund agreed on a renewed Memorandum of economic and financial policy of Ukraine. This is stated in the press release of the organization.
The IMF mission reached agreement with the authorities of Ukraine in respect of the Memorandum.
“This opens the way for the third revision in the second half of March, the Fund’s Board of Directors eff EFF and the report under article IV of the IMF Charter (the collection and discussion of economic and financial country information),” – said the head of the IMF mission in Ukraine Ron van Ore.
Earlier it was reported that Ukraine and the IMF agreed on new terms of revision of gas prices for households since 1 April of this year.
Open the IMF in March 2015 the four-year EFF program, totaling about $ 17.25 billion from the first tranche of five billion originally envisioned by the quarterly revision of the program, the allocation in 2015 of three more tranches of 1.65 billion and a decrease in quarterly tranches in 2016-2018 to 610 million.
Ukraine was able to obtain a small delay in the second tranche for this program to $ 1.7 billion in early August 2015, and then there was a long pause because of the outstanding number of conditions, political crisis and change of government.
After the arrival of the new Cabinet in April 2016, the negotiations on the continuation of funding was resumed, however, the IMF decided to allocate the third tranche in the amount of one billion dollars only in mid-September.
The revised schedule of funding, a further allocation of funds was planned on a quarterly basis, the results of the performance criteria, in particular, the fourth tranche in the amount of $ 1.3 billion – in mid-November 2016.
The largest tranche is planned for the first quarter of 2017, almost two billion dollars, after which the two following will be reduced to 1.33 billion, and the remaining five to 735 million.
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