Ukraine hopes to receive $1 billion tranche from IMF
Ukraine hopes to receive the fourth part of funds, in the amount of $1 billion under the guarantee of the U.S Government, Interfax-Ukraine reported, citing the Ministry of Finance of Ukraine.
“In addition to the continuation of technical assistance, we look forward to further cooperation in an effort the get $1 billion under the guarantee of the U.S. Government. The loan guarantees will provide for urgent budget needs at low interest rates based on the results of the implementation of reforms,” the Agency reported.
Ukraine has already received $3 billion under the guarantee of the U.S. Government in parts, receiving $1 billion annually. On the 29th of September 2016, the funds were allocated at the lowest Eurobond rate in Ukrainian history (1.471%).
The Ministry of Finance also reported that budget processes, reforms to the State Fiscal and Customs Service of Ukraine, the International Monetary Fund (IMF) program, further technical assistance to the Ministry of Finance, as well as the visit of the Minister of Finance to Washington, were all discussed last week in Kyiv during the meeting of the Minister of Finance of Ukraine, Oleksandr Danylyuk, with the Deputy Assistant Secretaries of the U.S. Treasury Department, Clay Berry and Larry McDonald.
The Ministry of Finance also indicated that the annual meeting of the International Monetary Fund and the World Bank will take place on the 7-9th of October.