Economy

IMF Mum on Progress Regarding New Payment to Ukraine

WASHINGTON (Sputnik) – The International Monetary Fund is currently discussing a financial program with Ukraine but cannot confirm that the parties are close to an agreement that would allow a new disbursement, an IMF spokesperson told Sputnik.
Sputnik
Western media reported earlier in the day that the IMF and Ukraine are close to an agreement over the next $900 million disbursement from a $15.6 billion loan.
When asked if the IMF could confirm that the fund and Ukraine are close to a new tranche of financing, the spokesperson answered negatively.
“An International Monetary Fund (IMF) team, led by Gavin Gray, is currently in Warsaw to conduct the Third Review under the Extended Fund Facility Arrangement for Ukraine,” the spokesperson said.
The IMF team will disclose details at the end of the mission, the spokesperson added.
The IMF said in late January that external funds remain important for Ukraine to close its funding gap and their absence would adversely impact the country's macroeconomic environment.
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