IMF expects more progress from Ukraine to unlock aid en


The International Monetary Fund expects more progress from Ukraine in order for the country to receive the second tranche under the current Stand-By Arrangement.

Read alsoFinal version of memo with IMF not drafted yet – finance ministerSome progress has been made, the official has admitted, adding that more is needed to complete the first revision of the SBA.

According to Rice, the discussions with Ukraine are continuing about achieving the goals necessary for the disbursement of the second tranche of the loan.

Earlier, IMF spokesman Gerry Rice said Ukraine needed to make more efforts to ensure stability of the financial system, independence of the central bank, the fight against corruption, and other reforms agreed with the Fund.

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