IMF technical mission begins its work in Ukraine
‘The technical mission of the International Monetary Fund began its work in Ukraine. The aim of the mission is the discussion of the practical issues connected with the continuation of the work of the EFF. Volodymyr Groysman, the Prime Minister of Ukraine met Ron van Rooden, the Head of the mission’, the message said.
Earlier Petro Poroshenko, the President of Ukraine claimed that the IMF tranche should be in April as by now the government has already fulfilled commitments before the Fund by 80 percent.
Oleksandr Danyliuk, Ukraine’s Minister of Finance claimed that Ukraine expects to fulfill all of its obligations under the IMF’s Extended Fund Facility before May 2018, which will help receive the next tranche of the loan.
It is known that at the moment Ukraine’s debt to the IMF is $12.1 billion. This amount is made up of liabilities of the National Bank ($7.2 billion) and the Ministry of Finance ($4.9 billion).
Source: 112 International