EN|RU|UK
  5689

 Technical consultations on IMF Memorandum are over, tranche to be allocated in few weeks, - Yatseniuk

The board of directors of IMF should make its decision on allocation of another tranche to Ukraine in the next few weeks, right after the Memorandum with the Ukrainian government is signed.

As reported by Censor.NET citing Ukrinform, this was announced by former Prime Minister of Ukraine Arsenii Yatseniuk after his Wednesday meeting with First Deputy Managing Director of IMF David Lipton.

"I think we are talking weeks. As soon as the Memorandum is signed - and I know that all technical consultations on the Memorandum have almost finished - the decision of the Board of directors [on the tranche for Ukraine - ed.] will be made as soon as possible," the Ukrainian politician noted.

He said he had discussed the work done in the past two and a half years with David Lipton.

"Ukrainian economy has finally started to demonstrate growth, the inflation has decreased significantly, and the IMF praises it highly," the former head of the government noted.

Read more: Memorandum with IMF agreed upon, - Finance Minister Danyliuk

Yatseniuk reminded that the tranche from IMF will open additional financing for Ukraine, including $1 billion of loan guarantees from the U.S. and financial support of the European Union.

"It's a solid and significant package of financial aid that will allow further stabilizing the economy, but for it, the support of the Ukrainian government is needed. The Ukrainian government requires political responsibility and political support of the members of the parliament," Yatseniuk stressed.

He refused to comment on what exact amount of the next IMF tranche for Ukraine will be.

It was reported earlier that the Fund will allocate $1.7 billion. Forecasts say the IMF intends to pay the remaining $.7 billion later.
 
 
 
 up