Ukraine’s top officials, including President Petro Poroshenko, have signed a letter on Kiev’s intentions to meet the terms of the memorandum and forwarded that letter to the IMF, Artyom Shevalev said on Facebook.
“Therefore, we expect the IMF Board of Directors to make a decision on the next tranche for Ukraine soon,” Shevalev stated.
According to the deputy minister, the sum will be used to strengthen the gold and currency reserves of the National Bank of Ukraine.
Kiev authorities are trying to rescue the country's economy using international loans. The IMF approved the $17-billion loan for the country in May 2014, to be transferred over the course of two years.
To receive the IMF funds in full, Ukraine agreed to a severe austerity program that includes shedding 24,000 government jobs, raising taxes, privatizing state assets and withdrawing subsidies on natural gas.