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IMF mission to arrive in Ukraine today for program review

IMF mission to arrive in Ukraine today for program review

1 February 2011

An International Monetary Fund mission is due to arrive today in Kyiv to meet with government officials and conduct the second review of the IMF-Ukraine 2.5-year USD 15.3 bln stand-by agreement approved by the IMF’s executive board in July 2010. The IMF green lit disbursal of a second USD 1.5 bln tranche in December 2010, which brought total disbursements under the program to USD 3.4 bln. The mission is scheduled to complete its work by February 11. According to the original schedule, the next USD 1.5 bln tranche is to be disbursed on March 15, 2011 (the whole amount is to go to the central bank).

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