A mission of the International Monetary Fund (IMF) will visit Ukraine on Nov. 3-15 to hold discussions as part of the first review of a stand-by arrangement (SBA) agreed late in July 2010.
"An IMF mission headed by Mr. Thanos Arvanitis will visit Ukraine on November 3-15 to conduct discussions on the first review of the Stand-By Arrangement (SBA)," said Max Alier, the International Monetary Fund (IMF) Resident Representative in Ukraine.
The SBA was approved on July 29, 2010 for SDR 10 billion (about $15.8 billion) in support of the authorities’ economic adjustment and reform program.
Kyiv has already received the first tranche worth SDR 1.25 billion, of which the Ukrainian government has received $1 billion.
Should the monitoring of the program for the third quarter be a success, the IMF is to allocate SDR 1 billion more to Ukraine late in Nov. 2010.
