KIEV (Sputnik) — On May 18, the IMF and Ukraine reached the final agreement on the text of the updated memorandum of cooperation, required to complete the second review under the financial assistance program. Now, it should be approved by the IMF Board of Directors at the meeting in July and the third tranche of the loan to be allocated to Ukraine.
The approval of the memorandum "is a matter of a few days," Danylyuk told reporters, adding that "the sides agree on the final technical details."
In March 2015, the IMF approved a four-year $17.5-billion assistance package for Ukraine to revive the country's economy and encourage a series of reforms. Kiev has already received two tranches under the financial-aid program.
