According to the plan, the international monetary Fund (IMF) will transfer to Ukraine the following is the fifth tranche under the extended Fund (EFF) by may 15. Such data are contained in the updated Memorandum, the text of which is published on the eve of the Ministry of Finance of Ukraine.
The document States that, in General, Ukraine will receive another seven tranches from the IMF:
- May 15, 2017 (us $ 1.9 billion) is the fourth revision and performance criteria at the end of March 2017;
- 15 Aug 2017 ($1.2 billion) — the fifth revision and performance criteria for end-June 2017;
- 15 Nov 2017 ($1.2 billion) is the sixth revision and performance criteria at the end of September 2017;
- February 15, 2018 (954 million dollars) seventh review and performance criteria at the end of December 2017;
- May 15, 2018 (954 million dollars), the eighth revision and performance criteria at the end of March 2018;
- August 15, 2018 (954 million dollars), the ninth revision and performance criteria at the end of June 2018;
- November 5, 2018 (955 million dollars) — tenth revision and performance criteria at the end of September 2018.
Thus, in General, until November 2018, Ukraine should receive from the IMF has more than $ 8 billion.
As is known, Ukraine and the IMF in March 2015 signed a Memorandum of economic and financial policies which the country should undertake in the framework of the extended Fund (EFF). The entire program provided Ukraine with about $ 17 billion of which have already been allocated 7,7 billion dollars. So, in September 2016 after a delay of a year, the IMF approved the granting Ukraine the third tranche in the amount of one billion dollars.
Yesterday, April 3, the Board of Directors of the IMF completed the third review of the economic program of Ukraine in the framework of the extended financing facility (EFF) that allows you to give Ukraine about 1 billion dollars.
The decision to allocate the tranche was made after further examination by the IMF of a possible impact of the trade embargo on the Ukrainian economy and update the macroeconomic forecasts of the NBU and the Ministry of Finance. The IMF came to the conclusion that the situation will be a moderate impact on economic growth and the balance of payments and will not pose a threat to the implementation of the inflation target of the NBU.