The mission of the International Monetary Fund (IMF) on Thursday started working in Ukraine, a government source has told Interfax-Ukraine.
“The mission arrived on Wednesday and on Nov. 12 it started working,” the source said.
As reported, the IMF mission will work in Ukraine from Nov. 12 to Nov. 21, 2015 as part of the revision of the Extended Fund Facility (EFF) program.
The mission will hold discussions at the political level with the Ukrainian authorities in the context of the economic reform program which is being realized with the support of the IMF.
The four-year Extended Fund Facility (EFF) program worth SDR 12.348 billion (about $17.04 billion at the current rate) was opened in March 2015. In March 2015, the IMF gave Ukraine the first tranche worth about $5 billion under the program. The EFF originally foresaw a quarterly review of the program, and allocation of three more tranches worth SDR 1.18 billion (about $1.63 billion) in 2015 and a decrease in quarterly tranches in 2016-2018 to SDR 0.44 billion ($0.61 billion).
