12 September 2016, 13:24 GMT
KIEV (Sputnik) — The IMF will discuss the allocation of the next loan tranche to Ukraine on its executive board meting on Wednesday. Kiev is in strong need of the tranche, because of turbulence at its financial markets, as Ukraine's national currency has depreciated by 7 percent in relation to US dollar since mid-August.
"A renewal of cooperation with the IMF that is expected to take place later this week will support a trend to decrease swings at the financial market," Churiy said, as quoted by the NBU's press service.
He added that the stabilization would also be reached due to the expected currency earnings.
Ukraine heavily relies on foreign aid to support its economy and to pay debts amid the ongoing armed conflict with independence supporters in the country's southeast.
On March 11, 2015 the IMF approved a four-year program of financial aid to Ukraine, which stipulates a $17.5 billion loan over the next four years. The Ukrainian government has to implement new economic policies for the IMF to disburse the funds.
