Ukraine to receive third tranche of US$900 million from the IMF
Pravda Ukraine
The Board of Directors of the International Monetary Fund approved the second revision of the Extended Fund Facility programme on 11 December, which will allow Ukraine to receive the third tranche of about US$900 million.
Source: IMF Deputy Executive Director Vladyslav Rashkovan
Details: “We have worked very closely with the economic team of Ukraine over the last weeks and today we completed the second review of our programme,” IMF Managing Director Kristalina Georgieva said at a press briefing.
Approval of the second review of the programme makes it possible to transfer the third tranche of up to US$900 million to the Ukrainian government.
“Now we will work on preparing for the third review in the spring. Stay tuned – this week is very important for us and our future,” Rashkovan added.
Background: In November, Ukraine and the IMF reached a staff-level agreement on the second review of the Extended Fund Facility (EFF), which paves the way for a tranche of about US$900 million.
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