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 Ukraine to get $1.7 billion aid installment from IMF

Ukraine has won IMF management’s endorsement for getting the next installment of its $17.5 billion bailout after passing laws required by the fund and progressing on a debt restructuring with creditors, according to a person familiar with the matter.

Bloomberg's source informs, Censor.NET reports citing ТSN.

With Ukraine having fulfilled its reform promises to the fund's satisfaction, IMF officials have been sufficiently encouraged by the pace of talks to recommend release of the $1.7 billion installment, the person said. IMF managers see Ukraine and its creditors as on track to satisfy conditions of the fund's bailout, hopefully before the second review of the program is completed, according to the person.

Read also: Ukraine has settled $120-million Eurobond coupon payment, avoiding technical default, - UNIAN

Ukraine and its creditors have been making "good progress" in discussions on a debt deal, IMF spokesman Gerry Rice said separately Thursday at a regularly scheduled briefing in Washington.

Lawmakers in Kiev last week passed laws on utility prices, anti-corruption efforts, deposit guarantees and improvements in the ability of the state energy company to collect receivables.

 
 
 
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