July 18, 2014 / 8:17 AM / in 3 years

IMF sees decision on $1.4 bln tranche to Ukraine within weeks

1 Min Read

KIEV, July 18 (Reuters) - The International Monetary Fund expects to decide on a second tranche to Ukraine within weeks as part of its $17 billion bailout, the mission chief in the country said on Friday.

Nikolay Gueorguiev said the tranche could total $1.4 billion. The ex-Soviet republic received a first tranche of slightly more than $3 billion in May.

"The mission has reached an understanding with the Ukrainian authorities on the policies necessary for the completion of the first review under the stand-by agreement... We expect this process to be completed within few weeks" he said.

The IMF approved a $17 billion two-year aid programme for Ukraine in April to help the former Soviet republic's economy recover after months of upheaval, unlocking further credits from other donors of about $15 billion. (Reporting by Natalia Zinets; writing by Vladimir Soldatkin, editing by Thomas Grove)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below