Oct
04
Ukraine Kept Waiting by IMF for Next $1.7 Billion Loan Payment
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Negotiations on the tranche to continue in the coming weeks
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Worse-than-expected decline this year will deepen contraction
Ukraine’s government will have to wait a bit longer for the third installment of a $17.5 billion bailout from the International Monetary Fund.
“Understandings were reached on most issues,” Nikolay Gueorguiev, the IMF mission chief for Ukraine, said Saturday in an e-mailed statement after several days of discussions with the country’s officials. “However, as the authorities still need more time to fully flesh out their policy proposals for 2016 in some areas, discussions will continue in the coming weeks.”
Ukrainian President Petro Poroshenko said last month he expects the country will receive the $1.7 billion installment by November to replenish the central bank’s reserves…
Ukraine Kept Waiting by IMF for Next $1.7 Billion Loan Payment
