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 Ministry of Finance explains why IMF postponed meeting on Ukraine tranche

The issue of allocating a tranche of $1 billion to Ukraine under the Expanded Financing Facility (EFF) program, scheduled for March 20, was postponed by the International Monetary Fund (IMF) Executive Board solely because of the clarification of calculations.

Censor.NET reports citing the press service of the Ministry of Finance of Ukraine.

"The postponement of the meeting was caused solely by the requirement to clarify the calculations regarding the economic consequences of measures taken by Ukraine in response to the blockade and the seizure of Ukrainian enterprises at the territories of the Donetsk and Luhansk regions that are not controlled by Ukrainian government, and due to the recognition by the Russian side of the documents issued on these territories," the statement reads.

Read more: Ukraine to receive 600M euros in EU aid within weeks, - Mingarelli

"The clarification of the calculations is important for both parties to maximize the effectiveness of the program. The relevant consultations have already started. We plan to finish them in the shortest possible terms," the Minister of Finance of Ukraine Oleksandr Danyliuk said.

As reported, the issue of allocating a tranche of $1 billion to Ukraine under the Expanded Financing Facility (EFF) program disappeared from the agenda of the IMF Executive Board on March 20.
 
 
 
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