Cabinet of Ministers expects to receive second tranche from IMF by year-end – source

Cabinet of Ministers expects to receive second tranche from IMF by year-end – source

Ukrinform
The Cabinet of Ministers of Ukraine expects to receive the second tranche from the International Monetary Fund (IMF) by the end of 2020.

"We expect the second tranche by the end of this year," a source in the government told Ukrinform.

He also said that the government is "in weekly communication with the International Monetary Fund." There is a table of fulfillment of requirements with international partners. In particular, there are nine structural markers, one of which has already been completed, and the remaining eight will be done according to the schedule.

According to the source, the third tranche from the IMF is provided for next year according to the schedule.

He noted that an important point in the issue of receiving tranches is the appointment of the IMF mission. "The mission has not yet been appointed. And this issue, in particular the acceleration of this work, was discussed at meetings with the U.S. Deputy Secretary of State in Kyiv. He promised to assist in resolving this issue," the source said.

As Ukrinform reported, on August 17, NBU Governor Kyrylo Shevchenko said in an interview with the RBC-Ukraine online news site that the NBU expects to receive the second tranche from the IMF by the end of 2020. However, Chairman of the NBU Board Bohdan Danylyshyn said that the receipt of two tranches from the IMF in 2020 is unrealistic and called for a revision of the conceptual framework for cooperation with the IMF.

On June 9, the IMF Executive Board approved an 18-month Stand-By Arrangement for Ukraine, with total access of $5 billion. On June 12, Ukraine received $2.1 billion as the first tranche from the IMF.

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