" The IMF said Ukrainian authorities have to push forward reforms agreed with the fund to receive the second tranche."
Kiev, Aug 20 - Ukraine Wednesday voiced hope that the International Monetary Fund (IMF) will consider a possibility of combining the third and fourth tranches of its aid programme for Kiev.

We want to combine the third and fourth tranches. We expect it would be about $2.2 billion. We hope to receive the aid by the end of the current year, Xinhua quoted Finance Minister Alexandr Shlapak as saying.

He told reporters that Ukraine is also awaiting the second tranche of $1.4 billion from the aid package to boost the state budget and stabilise the financial market.

Ukrainian Prime Minister Arseny Yatsenyuk Tuesday said his country expects the IMF will decide on the disbursement of the second tranche this month.

Ukraine received a $3.19-billion first tranche in May and used it to boost its weak foreign exchange reserves and stabilise the macroeconomic and financial situation.

The IMF said Ukrainian authorities have to push forward reforms agreed with the fund to receive the second tranche.

The IMF approved a two-year $17-billion loan package for Ukraine April 30 to keep the country's ailing economy afloat amid economic and political turbulence.


comments powered by Disqus
Read more on:
 

PERMALINK

http://www.nerve.in/news:2535002397600
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for Europe


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.