“The next transfer of Ukraine’s $17.5 billion international bailout will be delayed until later this year because parliament won’t pass all of the required reforms before its summer recess,” reads the report.
The Ukrainian Parliament will break for summer vacation on July 14 and will reconvene in early autumn. And thus, the process of reforms implementation is procrastinated.
This delay will hold up the fifth IMF tranche totaling $1.9 billion, which was scheduled for June-July, although, as Ukrainian Prime Minister Volodymyr Groysman assured, the Government remains committed to its plans to carry out the program of reforms.
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