NBU hopes to get the IMF tranche in the third quarter

НБУ надеется получить транш МВФ в третьем квартале

The building of the National Bank of Ukraine

For Ukraine it is critical to urgently step up cooperation with the IMF to preserve macro-financial stability in the country.

The national Bank of Ukraine keeps expectations regarding involvement in 2018, $2 billion from the International monetary Fund and expects the arrival of the next credit tranche at the beginning of the third quarter.

About this said the Deputy head of the Central Bank Dmitry Sologub on a monetary briefing in Kyiv on Thursday, April 12, according to Interfax-Ukraine.

“As for the next tranche, we believe that this will be possible in the third quarter to early in the third quarter. But it is rather technical calculation, in terms of the negotiations and obtaining consent at the technical level,” said Sologub.

According to him, the NBU does not currently have any specific information about the date of the next visit of the IMF mission in Kiev. The Ukrainian delegation is planning to attend the annual spring meeting of the IMF and the world Bank.

“At the end of next week will be held the traditional spring meeting of the IMF, where he will present the Ukrainian delegation. It is not only the negotiations with the mission (IMF – ed.) to discuss the program (EFF – ed.) is also meeting with other international organizations,” he said.

Sologub said that for Ukraine it is critical to urgently intensify in the near future cooperation with the IMF to preserve macro-financial stability in the country.

Recall, the NBU expects the IMF $2 billion in 2018, which will increase international reserves. Also, the regulator is awaiting funds from the EU and the world Bank.

The Ukrainian authorities expect to may 2018 to fulfill all obligations under the extended Fund IMF that will allow Kiev to receive the next tranche of the loan.

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