Ukraine in the case of fulfilling the terms of cooperation under the extended financing program, the key one being the adoption of the law on the Anti-Corruption Court, can receive the next tranche of the loan of the International Monetary Fund (IMF) in $ 2 billion already in May-June of this year, TRK Ukraina interview with Finance Minister Alexander Danilyuk in Washington.
"We now have several issues on the agenda. This is the adoption of the law on the creation of the Anti-Corruption Court. This should be a law that can be effectively and quickly implemented. This is the key, "the minister said..
Last week, the National Bank of Ukraine also said that it maintains its expectation that Ukraine will attract $ 2 billion from the IMF in 2018, but predicts the next tranche at the beginning of the third quarter.
As reported, the second most important condition for granting a tranche is the liberalization of prices for natural gas for the population, as the Ukrainian government promised a year ago. In addition, the Fund has stated problematic issues in the fiscal sector.
An open IMF in March 2015, the four-year EFF program with a total SDR12.348 billion (about $ 17.5 billion) with the first tranche of $ 5 billion initially envisaged a quarterly revision of the program, the allocation in 2015 of three more tranches of SDR1.18 billion and a decrease in quarterly tranches in 2016-2018 to SDR0.44 billion ($ 0.62 billion). Ukraine was able to receive a second tranche for this program with a small delay of $ 1.7 billion in early August 2015, after which there was a long pause due to the failure of a number of conditions, a political crisis and a change of government.
After the arrival of the new Cabinet headed by Vladimir Groisman in April 2016, negotiations on the continuation of funding resumed, but the Fund decided to allocate a third tranche of $ 1 billion only in mid-September, the fourth - on April 3, 2017.