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 Ukrainian Politics, Economics
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 Finance Minister Danyliuk: Ukraine may receive next IMF tranche in late March

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.

Minister of Finance of Ukraine Oleksandr Danyliuk said Monday after talks with the IMF, Censor.NET reports citing Ukrinform.

"The IMF Board's final meeting date is now under consideration. It will most likely be held March 20-22, or maybe a couple of days later," the finance minister said.

According to him, the procedure stipulates that the meeting of the IMF Board should be held no earlier than two weeks after the signing of the updated memorandum of understanding. The minister also stressed that all parties had reached mutual understanding.

"We have reached agreement with the IMF on the next revision, that is [the allocation of] the next tranche. We have also discussed our cooperation here (in Washington D.C. - Ed.)," Danyliuk said.

Read more: IMF approved tranche of $1B for Ukraine

Ukrainian official added that he met with IMF Deputy Managing Director David Lipton and also spoke with IMF Managing Director Christine Lagarde "regarding further cooperation prospects." He also said that the general spirit of the talks was "positive and constructive".

The minister said the IMF recognized that Ukraine's efforts had brought fruit.

"There is a complete understanding that we are on the right track and we are working as partners - not so much asking for help as making joint efforts to change the country," the minister said.

Read more: IMF Memorandum demands freezing minimum wage for three years, - Reva
 
 
 
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