Ukrainian Finance Minister: Kyiv may receive next IMF tranche by end of year
Ukrainian Finance Minister Oleksandr Danylyuk believes that Kyiv may receive the next IMF credit tranche by the end of this year, Radio Liberty reports.
“We expect the tranche by the end of the year,” Danylyuk said on October 15 during a briefing in Washington at the conclusion of negotiations with the IMF leadership.
According to him, this will depend on agreements regarding the price of gas for the public. During the negotiations, Danylyuk explains, certain progress was achieved in this respect, but there are still no concrete agreements. “We made progress, formalized certain principles, the negotiations continue,” the Ukrainian minister noted.
The IMF has not yet commented on the results of the negotiations.
At the start of October, Reuters reported that Ukraine was proposing a new formula to calculate the price of gas for the public, leaving tariffs unchanged until July 2018. According to the news agency, the Ukrainian authorities propose to increase the price of gas by 4.8%, not by 17.6% as required by the agreement with the IMF.
Representatives of the Ukrainian government say that there is no reason to increase the tariffs on municipal services and gas for the public as the IMF demands.