KIEV (Sputnik) – Earlier in the day, Ukrainian President Petro Poroshenko met with IMF head Christine Lagarde. The meeting was described as "productive" by Kiev.
"After the final agreement on the text [of the updated memorandum of cooperation] we expect it to be successfully approved at the meeting of the Board of Directors of the IMF and the third tranche of the loan to be allocated to Ukraine," Jaresko said on Facebook.
According to the minister, the third tranche should increase the reserves of the National Bank and strengthen the stability of the banking sector in Ukraine, as well as positively affect the national currency’s exchange rate.
Ukraine's economy has deteriorated since an armed conflict between government forces and militia in the country's southeast escalated in April 2014.
Kiev has been forced to increasingly rely on external funding to reanimate the economy amid a deep recession and high inflation.
