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IMF Mission to Kiev makes progress towards releasing much needed funds

Other News Materials 19 May 2016 00:19
The International Monetary Fund (IMF) mission to Ukraine has worked out a staff-level agreement with Kiev on the reforms needed to disburse the next tranche of financial assistance from the Fund, IMF Mission Chief for Ukraine Ron van Rooden said in a statement on Wednesday.
IMF Mission to Kiev makes progress towards releasing much needed funds

The International Monetary Fund (IMF) mission to Ukraine has worked out a staff-level agreement with Kiev on the reforms needed to disburse the next tranche of financial assistance from the Fund, IMF Mission Chief for Ukraine Ron van Rooden said in a statement on Wednesday.

"The mission reached staff level agreement with the authorities on policies needed to complete the second review under the EFF, subject to approval by IMF management and the Executive Board. The implementation of strong [reform] measures in these areas will pave the way for the IMF Executive Board's consideration of the review, expected in July 2016," van Rooden stated.

Officials from the International Monetary Fund are currently in Kiev with a nine-day visit to review the country's loan arrangement.

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