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 IMF memorandum to be signed today or tomorrow, - Minister Danyliuk

The signing of a new International Monetary Fund (IMF) cooperation memorandum is a matter of a few days.

Finance Minister Oleksandr Danyliuk told ZN.UA, Censor.NET reports.

"We have not signed the memorandum, but this is about to happen. I think the issue will be settled in a matter of days, today or tomorrow. And I hope it won't take any longer. But at the moment, the memorandum is yet unsigned. There was disinformation, but it's not critical since the respected news agency [Reuters] missed it by just a couple of days," Danyliuk explained.

The finance minister added that the absence of Ukraine on the Fund's agenda does not indicate the tranche issue has been frozen or postponed.

"As for the absence of Ukraine on the agenda and constant groaning on the matter, it is important to understand how it all works. First, the signing of a memorandum takes place, and then a Board of Directors meeting is to convene within two weeks. The agenda is drawn up for a two-week period and, of course, if the memorandum is not signed, the date of a meeting on Ukraine is not there yet," Danyliuk said.

Read more: Finance Minister Danyliuk on memorandum with IMF: "We are now at the final stage"

He reminded that Ukraine usually gets a disbursement several days after a Board of Directors meeting. The whole amount of the awaited tranche, as in case with previous ones, will be used to replenish the foreign exchange reserves of Ukraine's National Bank.

On March 1, Reuters reported that Ukraine had signed a memorandum with the IMF to enable the allocation of another tranche as part of the $17.5 billion bailout.
   
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