Smoliy explained, is to sign a Memorandum with the IMF

The acting head of the National Bank of Ukraine Yakov Smoliy has the authority to sign the Memorandum with the International monetary Fund, whose mission is in Kiev on may 16. About that resin told reporters on the sidelines of the annual research conference organized by the NBU in cooperation with the National Bank of Poland.

“Indeed, I can sign the Memorandum with the IMF, will be agreed upon and prepared such a document, because I perform the duties of the head and completely own all the rights,” he said.

As reported, the IMF expressed confidence that the continued implementation of structural reforms in accordance with the Memorandum will allow to successfully obtain the fifth tranche of the extended Fund (EFF).

Confidence in the receipt of the fifth tranche of the IMF in 2017, expressed and acting head of the NBU Jacob Smoliy.

Recall, may 16, arrived in Ukraine IMF mission, which intends to familiarize with the draft pension reform, which is a condition for receiving the IMF tranche in the framework of the Memorandum on cooperation. The mission will work in Kiev until may 25.

On 3 April, the IMF approved the allocation of Ukraine the fourth tranche of the extended Fund in the amount of $ 1 billion. Money started to arrive at the NBU on 5 April.

The entire program provided Ukraine with about $ 17 billion, of which Kiev has already received 8.7 billion dollars.

According to calculations of the international rating Agency S&P, the next tranche of the IMF, as well as the related funding from external donors is likely to come to Ukraine in the second half of 2017 – provided that Ukraine makes progress in carrying out key land and pension reforms.