Ukraine may receive next IMF tranche in May-June

Ukraine is able to receive a new tranche of 2 billion dollars in May-June 2018 from the International Monetary Fund (IMF), as stated by Ukrainian Finance Minister Oleksandr Danylyuk in Washington following a meeting at the IMF headquarters, Interfax-Ukraine reports.

According to Danylyuk, Ukraine can receive another IMF loan for $2 billion if the terms of cooperation under the Extended Fund Facility program are fulfilled, which is part of the Anti-Corruption Court law.

  “We now have several questions to consider, including how to adopt the necessary laws to create the Anti-Corruption Court. An effective and quick implementation should be crucial,” the Minister said.

The IMF revised its macroeconomic forecast for Ukraine for 2018-2019. It retained the previous GDP outlook growth for 2018 at 3.2%, but decreased the outlook for economic growth for Ukraine in 2019 from 4% to 3.3%.

  IMF tranche, Ukraine, anti-corruption court