Ukraine Hopes to Receive a Tranche from the IMF Before the End of the Year
OREANDA-NEWS Prime Minister of Ukraine Volodymyr Groysman in an interview with Reuters said that Kiev expects to receive a new tranche from the International monetary Fund (IMF) in December this year.
«Yeah. We expect a tranche in December, " the head of government said, adding that it will bring the country closer to stability and will help to carry out further health reforms.
As Groysman noted, Ukraine will receive a new loan from the IMF, after the draft budget for 2019 is finally approved. According to the Prime Minister, assistance from the IMF will also give Kiev the opportunity to receive loans from the World Bank and the European Union.
Groysman noted that the government will not go on about the opposition parties of Ukraine, requiring the abolition of increased gas tariffs for private households.
In mid-October, the international monetary Fund reached an agreement with Ukraine to provide a loan of $3.9 billion in the IMF noted that the new loan under the stand by program is designed for 14 months and will replace the existing agreement concluded in 2015 and expiring in March 2019.
The Fund specified that the loan will be aimed at reducing inflation in Ukraine, consolidation of budget funds, as well as reforms to strengthen tax administration, financial and energy sectors.
In early November, the Ministry of Finance said that Ukraine needs to continue cooperation with the IMF, otherwise the country faces a default in 2019.
Earlier, the Prime Minister of Ukraine Volodymyr Groysman demanded to expand his powers to bring "real order"in the country. The politician noted that now the Prime Minister and the government are given too little authority for this.
Earlier it was reported that the Parliament approved an agreement with the EU on obtaining a loan of €1 billion. In turn, the Director of the Ukrainian analytical center Alexander Okhrimenko announced the need for the resignation of Prime Minister Groysman because of his lack of professionalism.
"From the point of view of common sense, no IMF tranches are needed. In General, it is desirable to get rid of the IMF as soon as possible, change the Prime Minister and start real reforms. What says Groisman is not reform, this is blasphemy. Unfortunately, life does not improve, but rather worsens as a result of these reforms and of course the IMF tranches," — said Okhrimenko on one of the Ukrainian TV channels.