The IMF Board of Directors on 20 March to consider the issue of granting Ukraine $ 1 billion

Совет директоров МВФ 20 марта рассмотрит вопрос предоставления Украине 1 млрд долларов

IMF Executive Director Christine Lagarde of the IMF

The international monetary Fund plans to consider the allocation of Ukraine tranche under the program of expanded financing (EFF) for $ 1 billion Monday, March 20. This was announced at a briefing the official representative of the IMF Jerry rice, transfer “Ukrainian news”.

“Finance Minister Alexander danyluk visited the Foundation, he met with the management of the Fund, Deputy managing Director of the Fund Lipton. The Board of Directors meeting is scheduled for March 20″, – he said.

The IMF representative noted that the pension reform is a key part of the cooperation programme.

“If you look at the support of the International monetary Fund of Ukraine, you will see that this is the most progress made on the program. The main goal of the program is to help the government of Ukraine and the Ukrainians in overcoming the challenges facing them and the country on a sustainable growth path. We believe pension reform is key in establishing the pension system. The aim of the reform is to improve pension coverage and improvement of the system,” he said.

Related news: Rozenko: In the Memorandum with IMF is not a question of raising the retirement age

Open in March of 2015 four-year EFF program, totaling about of 17.11 billion. with the first tranche of $ 5 billion. expected quarterly revision of the program, the allocation in 2015 of three more tranches of 1.63 billion dollars. and a decrease in quarterly tranches in 2016-2018 to 0.61 billion.

February 13, 2017, the managing Director of the IMF Christine Lagarde said that the talks with the International monetary Fund of Ukraine about the allocation of the next tranche of the loan program is going well.

Note that on 4 March, the IMF agreed with Ukraine a Memorandum on the 3rd revision of the program in the framework of the EFF.

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