Minister of Finance of Ukraine says the IMF will make four disbursements under EFF (Extended Fund Facility) program this year, the next one expected as early as in May.
London's high court ruled on Wednesday that Ukraine did not provide "justifiable defence" in a $3 billion Eurobond case (the so-called "Yanukovych's loan" by Russia to Ukraine) brought by Russia against Kyiv and that it would not be right for the case to go to full trial.
The International Monetary Fund (IMF) will receive updated macro-indicators within a "couple of days," taking into account the suspension of all cargo traffic with separatist-held areas of eastern Ukraine.
The Minister of Finance of Ukraine Oleksandr Danyliuk announced that the revision of the program of cooperation between Ukraine and the International Monetary Fund (IMF) is not intended.
Ukraine’s Finance Minister Oleksandr Danyliuk says Memorandum of Cooperation with the International Monetary Fund stipulates launch of land reform in Ukraine in 2017.
The renewed text of the IMF Memorandum on Ukraine that was signed last week includes items on the pension, land, bank, and other important reforms.
The International Monetary Fund reached staff-level agreement with Ukraine on the third review of the arrangement under the Extended Fund Facility, the completion of which will enable the next disbursement to be made in late March.
The signing of a new International Monetary Fund (IMF) cooperation memorandum is a matter of a few days.
The Ministry of Finance intends to harmonize a number of technical details of the memorandum with the IMF in the coming days.
U.S. Ambassador in Ukraine Marie Yovanovitch and Ukrainian Finance Minister Oleksandr Danyliuk signed an Intergovernmental Agreement (IGA) yesterday to implement provisions of the Foreign Account Tax Compliance Act (FATCA) and to promote transparency between the two nations on tax matters.
Ukraine counts on IMF Executive Board's positive decision on the allocation of the third tranche of funds to Kyiv under the extended fund facility (EFF) program despite Russia's intention to vote against it.
The Ministry of Finance of Ukraine is set to draw the state budget for 2017 taking into account experts’ opinions.
Ukraine does not have to return the $3 billion loan to Russia, which had been obtained during fugitive president Yanukovych's tenure, prior to Euromaidan events.
Finance Minister Oleksandr Danyliuk said that the state budget for next year will be as realistic as possible, and that state income in 2017 will exceed the expenses.
Ukraine and the International Monetary Fund have almost validated the Memorandum on the second review of the reform program. The news of the next tranche by IMF is expected by Kyiv in July.
Prime Minister Volodymyr Hroisman says Finance Minister Oleksandr Danyliuk must provide an exhaustive answer regarding his offshore firms, and the National Agency for Prevention of Corruption should examine this issue in detail.