26.11.14 20:32

IMF mission left Ukraine: if there Is no new Cabinet and reforms, there is no money

The new tranche negotiations will be resumed after the government appointment.


The International Monetary Fund mission has left Ukraine without making any decision on a new loan tranche, but it will return when there is new government. The statement of Foundation Permanent Representative Jerome Vacher reads, Censor.NET reports citing lb.ua.

"The International Monetary Fund mission has been working in Kyiv from 11 to 25 of November. The mission held an initial round of technical discussions. The discussions will be resumed after the new government is formed," Vacher said.

Read also: National Bank Hopes to Receive Next IMF Tranche Before End of The Year

It should be reminded that the IMF has loaned Ukraine $ 4.6 billion in two tranches, though two more tranches for the amount of 2.8 billion were planned. The funds may be received in 2015 due to the delay with the new government formation. The IMF promised to provide Ukraine with $ 17 billion loan in total during two years.

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