- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

IMF Mission to Visit Ukraine by End of October for Aid Tranche Talks

© REUTERS / Kim Kyung-HoonVisitors 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.
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. - Sputnik International
Subscribe
The International Monetary Fund’s mission to Ukraine will visit the country in October to discuss the next financial aid tranche with the authorities in Kiev, IMF European Department Deputy Director Athanasios Arvanitis told Sputnik on Tuesday.

A Greek flag flies behind a statue to European unity outside the EU Parliament in Brussels, Belgium, May 20, 2015 - Sputnik International
IMF Clashes With Germany Over Greek Debt Deal
WASHINGTON (Sputnik) — The IMF official pointed out that the mission’s goal is to complete the discussions with the Ukrainian authorities in a timely fashion and to present the review to its executive board by the end of 2016.

"There will be a visit towards the end of the month," Arvanitis stated. "We are going to be going back to Kiev to have the discussions for the third review of the program. We have the full range of talks with the government."

Arvanitis underscored that the IMF mission will discuss a number of issues with Kiev, including the Ukrainian $3-billion debt to Russia.

In September, the IMF executive board approved a new $1-billion tranche to Ukraine. The amount of the aid package had been reduced from the originally planned $1.7 billion.

The IMF has also said that it could allocate a total of $2.3 billion to Ukraine by the end of 2016.

On March 11, 2015, the 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.

Ukraine heavily relies on foreign aid to support its economy and to pay debts amid the ongoing armed conflict with independence supporters in the country's southeast.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала