The successful nationalization of PrivatBank and adoption of the state budget for 2017 give reason to expect that Ukraine will receive the fourth tranche from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) program in January 2017, Governor of the National Bank of Ukraine Valeriya Gontareva said.
“We are already preparing (for the 4th tranche). I think, we will receive the next tranche in January,” she said in on the Vesti radio on Dec. 22 evening.
Gontareva noted that the international community has welcomed the nationalization of PrivatBank. She recalled that the issue of the country’s largest bank has been spelled out in the latest memorandum between the Fund and Ukraine on the obtaining of third tranche of the EFF credit.
As for other conditions put forward by the Fund under this memorandum, in particular, land and pension reforms, the NBU head said Ukraine badly needs them, but their implementation can be put off until the next tranche.
“We need to hurry up with the reform,” Gontareva said recalling that in 2017 Ukraine expects to get four tranches from the IMF, however in 2016 it also planned to receive four but the managed to get only one tranche.
