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 Memorandum with IMF agreed upon, - Finance Minister Danyliuk

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.

As reported by Censor.NET citing UNIAN, this was announced by Finance Minister Oleksandr Danyliuk at Canada Ukraine Business Forum in Toronto on Monday, June 20.

The minister said that the Memorandum is nearing its validation by the parties and positive news on it are expected in July.

Read more: Nothing will prevent us from getting next IMF tranche, - Hroisman

The day before the Forum, IMF representative Gerry Rice informed that the Fund will consider cooperation with Ukraine on the EFF program in July.

Earlier, Ivan Miklos, senior economic adviser to Prime Minister Volodymyr Hroisman, announced that Ukraine would possibly need to vote more laws to comply with IMF requirements for allocation of the entire amount of the $1.7-billion tranche approved last year.

Miklos estimated that the tranche would be possibly delivered in parts, the first one of $1 billion in July. The Verkhovna Rada of Ukraine has not yet considered all the bills required by IMF, although the government hoped it would happen by late May.

Read more: Reforms in Ukraine crucial for signing memorandum with IMF, - Poroshenko to G7 ambassadors
 
 
 
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