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    Visitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo in this October 10, 2012 file photo.

    Ukraine Gives Up Hope on Receiving IMF Tranche in July

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    Ukrainian Minister of Finance Oleksandr Danylyuk said that Kiev unlikely will receive next tranche of financial aid of the International Monetary Fund’s (IMF) this month.

    KIEV (Sputnik) – Ukraine does not anticipate receiving the International Monetary Fund’s (IMF) next tranche of financial aid this month, Ukrainian Minister of Finance Oleksandr Danylyuk said Thursday.

    “If it does not pass in July, and it seems that we do not have time based on the schedule, then it will [pass] immediately after the fund management’s return from the holidays,” Danylyuk told reporters, suggesting that the IMF executive board’s annual recess lasts for three weeks.

    Late last week, the minister said a preliminary plan was to receive three $3-4 billion tranches by the end of the year.

    Related:

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    IMF Board May Consider $1.7Bln Tranche for Ukraine in July
    Ukraine to Receive Next $1.7-Bln IMF Tranche in Nearest Future - Poroshenko
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    financial aid, International Monetary Fund, Oleksandr Danylyuk, Ukraine
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