WASHINGTON, October 30 (RIA Novosti) — Ukraine may not receive a third aid tranche from the International Monetary Fund (IMF) before next year, as the mission may be unable to make a decision before a new Ukrainian government is formed, IMF spokesperson Gerry Rice told reporters Wednesday.
“We are anticipating the next review mission, which will be the technical mission, in mid-November, and since the policy discussion cannot be completed for the review until the new government is formed, that is going to take some time, as we all understand, that mission may not be able to complete the discussions until the new government is in place and so it’s possible that the review will not be brought to the IMF board until later this year, even early next year. It’s driven by the formation of the new government,” Rice said.
Ukraine's economy has been suffering as a result of the internal conflict in the country, which escalated when Kiev forces launched a military operation against independence supporters in the country's southeastern regions in mid-April.
Kiev received the first IMF loan tranche of $3.16 billion in early May after the IMF approved a $17 billion loan to Ukraine in the form of a two-year stabilization program. On September 4 Kiev received the second installment of about $1.39 billion.
