IMF still waiting for much more progress by Ukraine before second SBA tranche

image

 
Ukraine and the International Monetary Fund (IMF) are still in close discussions on the Stand-By Arrangement aimed at completing its first review and the issue of the second tranche, IMF Spokesperson Gerry Rice has said.

He said at a traditional briefing in Washington some progress has been made, but more is needed to complete the first review.

Rice, without disclosing details, recalled that the goal of the measures specified in the program is, in particular, to improve governance in the National Bank and legislation on banking supervision, to reduce the budget deficit in the medium term, and to strengthen the anti-corruption vertical and the judicial system.

On June 9, 2020, the IMF approved a new 18-month Stand-By Arrangement for Ukraine for SDR3.6 billion (about $5 billion) with an immediate issue of $2.1 billion of the first tranche.

© 2021 Interfax Ukraine

One comment

  • Seems publishing the first Dictionary of Islamic Concepts in ukrainian, labelling Ukraine a turkic state and declaring the tatars who fought against Ukraine for centuries the true natives, did not quite impress the IMF. From Kyiv comes only bullshit, and the rampant corruption keeps ruining the country.

    Liked by 1 person

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.