The head of the International monetary Fund (IMF), Christine Lagarde thanked the President of Ukraine Petro Poroshenko for the progress made to date in the framework of the EFF extended Fund, said IMF after their meeting in Washington.
“The discussion was focused on expected pension and land reforms, as well as on measures to accelerate privatization and to ensure concrete results in efforts to combat corruption,” said Fund.
Lagarde and Poroshenko agreed on the need to accelerate the pace of reforms to provide a stronger and more inclusive economic growth.
We will remind, the IMF mission on the results of work in Kiev reported the need for technical revision of the draft laws and their parliamentary support, concerning pension and land reforms, reviving the privatization and to ensure concrete results of anti-corruption efforts.
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.