Contents tagged with tranche

  • What the IMF demands from Ukraine in exchange for allocated tranche

    On April 3, the Board of Directors of the International Monetary Fund (IMF) approved the allocation of $1 billion credit to Ukraine. The four-year program of financial aid from the IMF allocates $17.5 billion to Ukraine. Kyiv has already received three tranches totaling $7.7 billion. The last tranche was received in September 2016. In 2017, Ukraine plans to receive about $5.4 billion from the IMF. And now the fourth tranche in the amount of $1 billion has begun to be transferred to the reserves …

  • Tranche allocation to Ukraine disappears from IMF timetable

    The allocation of money to Ukraine has disappeared from the meeting agenda of the executive board of the International Monetary Fund, the fund’s website shows. The provision of the next tranche had been scheduled for March 20.

    The IMF issued a press release regarding the postponement of the session, saying: “A short delay is necessary to assess the developments and policy measures affecting the financial sector and wider economic prospects”.

    The Ukrainski Novyny news agency, citing a source …

  • The IMF reached agreement on an updated memorandum of cooperation with Ukraine

    The International Monetary Fund (IMF) has reached an agreement with Ukraine on an updated Memorandum of Economic and Financial Policies. As a result, during the second half of March, IMF’s Executive Board will consider the allocation of another tranche of $1 billion to Kyiv, as was indicated in the Fund’s press release on Saturday, March 4th.

    In March 2015, the IMF approved a four-year loan program worth USD 17.5 billion to support economic reforms in Ukraine. It provided for quarterly …

  • Ukraine is ready to sign a memorandum with the IMF paving the way for the fourth tranche

    On the evening of March 1st, the International Monetary Fund (IMF) sent Ukraine the final version of the Memorandum of Economic and Financial Policies under an Extended Fund Facility (EFF). Its signing will allow the Fund to consider the allocation of a fourth tranche to Ukraine amounting to $1 billion within the program as announced on Thursday, March 2nd, by the Chairwoman of the National Bank of Ukraine (NBU), Valeriya Hontareva, during a press conference in Kyiv. "On the part of the NBU, …