Poroshenko: Ukraine to Receive Next Installment of IMF Loan in February

The President of Ukraine, Petro Poroshenko, expects that in February 2016, Ukraine will receive the next loan installment from the IMF, as reported by Bloomberg, following a meeting in Davos with the Managing Director of the IMF, Christine Lagarde.

According to Poroshenko, an agreement was reached on the allocation of the next installment of the loan to Ukraine. "We have reached a compromise on the budget deficit and the macro indicators, relative to all," the President assured.

Poroshenko assured that the money will be allocated in the near future. "There is no need for a new IMF mission visit. We have agreed on this. My expectations are that we will receive the next loan installment in February," he said. The President did not elaborate more.

  Poroshenko, IMF, Lagarde