The IMF before the end of the year postponed the release of the next tranche to Ukraine – Bloomberg

The international monetary Fund has postponed the allocation of the next, fifth tranche of Ukraine at the end of the year. This is with reference to Bloomberg reports “112 Ukraine”.

The reason for this decision, according to media reports, is that the Ukrainian Parliament will not have time over the summer to vote for the necessary reforms. As is known, the amount of the next tranche shall be $ 1.9 billion.

The Prime Minister Volodymyr Groysman in an interview with the Agency noted that the adoption of pension reform is on schedule. However, the steps to create an anti-corruption court to undertake, but a bill on land reform in a timely manner will not be accepted.

“We are working on reforms, and the fifth tranche will be,” he said, predicting that “land” in the bill, Parliament may take until the end of the year.

As reported, 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 eff EFF.

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.