EN|RU|UK
 Economics
  2918

 IMF's Lagarde confident loan negotiations with Ukraine heading in right direction, - Reuters

IMF Managing Director Christine Lagarde says negotiations between the International Monetary Fund and Ukraine on allowing the release of the next tranche of aid for the country are heading in the right direction.

As reported by Censor.NET, Lagarde said in an interview with Reuters on Monday while visiting Dubai.

"I am confident that the negotiations are heading in the right direction, that some of the key issues have been resolved. There are still a few outstanding matters that need to be ironed out and negotiated between the team and the Ukrainian authorities," she said.

Watch more: IMF's Lagarde says Fund's success or failure in Ukraine depended solely on government. VIDEO

Lagarde avoided giving a time frame but said the fact that the bailout had progressed so far was a good sign.

Ukrainian Prime Minister Volodymyr Hroisman told Reuters on Friday that Kyiv expected to reach a deal with the IMF by the end of this month on the latest series of loans under Ukraine's $17.5 billion (14 billion pound), four-year bailout.

Read more: Ukraine likely to receive IMF's fourth tranche in 2017

Lagarde did not elaborate on the remaining issues. Hroisman said on Friday that the IMF needed to have "realistic" expectations for what Ukraine could achieve in terms of judicial reforms, which were holding up talks.
 
 
 
 up