IMF plans to Ukraine the fourth tranche of the loan

IMF plans to allocate to Ukraine the fourth tranche of the stand-by credit of $ 2.5 billion SDR (more than 3,7 billion dollars) on Nov. 15, 2009, after the third revision of the program of cooperation (MOU) of Ukraine and the IMF. Fifth tranche of SDR 375 million is planned to provide Ukraine in mid-February 2010.

These dates are contained in table-additions to the corrected after the second revision of the Memorandum. The document, dated July 23, was posted on the IMF today, 8 September.

As UNIAN reported earlier, the first deputy head of Presidential Secretariat Oleksandr Shlapak at a press conference reported on the possible difficulties in the negotiation process on the receipt by Ukraine of the fourth tranche of the loan of the International Monetary Fund.

According to him, his last meeting with representatives of the IMF suggests that the Foundation is disappointed the conduct of Ukraine, which not only fulfills the conditions of cooperation, but the IMF and misinformed about their performance. In particular, according to Shlapak, we are talking about raising gas prices for the population, which should happen on September 1.

IMF in November 2008, approved for Ukraine's two-year program totaling $ 16.4 billion and has provided the first tranche of 4.5 billion

May 12 in Ukraine has received 2.8 billion dollars of the second tranche of the IMF loan.

Part of the second tranche of $ 1.5 billion sent directly to the State Budget of Ukraine to finance the external debt of the government.

third tranche amounted to 3,3 billion dollars instead of the planned 3.2 billion dollars in the fourth volume of 3,8 billion dollars the IMF was planning to give Ukraine up to the end of 2009.

The credit is provided quarterly installments after the revision and correction of the cooperation program.

As reported in the media, August 31, IMF Resident Representative in Ukraine Max Alier said that the International Monetary Fund may cease cooperation with Ukraine if the authorities of the country without proper justification will go to the excessive build-up of the budget deficit and rocking the economic situation in the country.

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