13 September 2016, 11:01 GMT
MOSCOW (Sputnik) — Ukrainian President Petro Poroshenko said Tuesday he expected the International Monetary Fund (IMF) to agree to provide Kiev with a new $1 billion tranche of financial aid on Wednesday.
"Tomorrow, on [September] 14 we will have another one billion tranche from the International Monetary Fund that serves as a solid base for our reforms," Poroshenko said, addressing the residents of the city of Dnipro, formerly known as Dnipropetrovsk.
On March 11, 2015, the US-based IMF approved a four-year program of financial aid to Ukraine, which stipulates a $17.5-billion loan to be paid out in a number of installments over the next four years and originally open for reviewing on a quarterly basis.
According to IMF rules, to receive aid a country should settle all its debts. Russia filed a lawsuit against Ukraine in the London High Court in February following Kiev's default on a 2013 $3-billion loan.
