07:31 GMT06 March 2021
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    The International Monetary Fund’s board will consider disbursing $1.7 billion in assistance to Ukraine upon successful conclusion of the second review tentatively scheduled for July, IMF Communications Department Director Gerry Rice said in a press briefing on Thursday.

    WASHINGTON (Sputnik) —  On Wednesday, the IMF announced the board would consider the second review to disperse the next tranche of financial assistance to Ukraine in July if Kiev steps up reforms.

    "So far as I know, it [IMF’s consideration] is for one tranche, not a bundling. I believe the number is around $1.7 billion," Rice stated.

    ​The Fund added that the IMF mission to Ukraine has worked out a staff-level agreement with Kiev on the reforms needed to complete the second review, including efforts to ensure fiscal and financial stability, enhance transparency, and reform the inefficient state-owned enterprise sector. 

    ​On March 11, the IMF approved a four-year program of financial aid to Ukraine, which stipulates a $17.5 billion loan over the next four years. The Ukrainian government has to implement new economic policies for the IMF to disburse the funds.

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    Tags:
    International Monetary Fund, tranche, Ukraine
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