Business news from Ukraine


12 May , 2015  

KYIV. May 12 (Interfax-Ukraine) – The mission of the International Monetary Fund (IMF) started working in Ukraine on Tuesday, a government source has told Interfax-Ukraine.

“The work of the mission as a part of the first revision of the EFF program in Ukraine was started on May 12,” the source said.

As reported, referring to the official representative of IMF Jerry Rice, the mission will work for two or three weeks.

The four-year EFF program worth a total of SDR 12.348 billion ($17.516 billion) was approved in March 2015. The IMF is to provide Ukraine with three more tranches of SDR1.182 billion (about $1.63 billion) each in 2015, after the first tranche of $5 billion.