Ukraine to accelerate loan negotiations with IMF – media

21:59, 04 October 2018
Economy
518 0
REUTERS

"There is nothing negative, we continue to work, we are set to accelerate from both sides," Rozhkova told reporters at a briefing, Reuters said.

Read alsoReuters: IMF leaves Ukraine without announcing aid deal

As UNIAN reported earlier, in March 2015, the IMF approved a four-year Extended Fund Facility (EFF) loan program for Ukraine with $17.5 billion in disbursements. Under the program, Ukraine has received only four disbursements from the Fund to the tune of $8.7 billion due to the slow implementation of the agreed reforms. The program is expiring in March 2019. However, the National Bank of Ukraine and the Finance Ministry expect to receive $1.9 billion from the IMF in 2018.

In addition to adopting anti-corruption legislation, further cooperation with the Fund requires a revision of gas prices and appropriate adjustments to balance the current year's budget.

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