Business news from Ukraine

UKRAINE COMPLIES WITH ALL TERMS FOR IMF EXECUTIVE BOARD TO MEET ON JULY 31 – PRESIDENTIAL OFFICIAL

27 July , 2015  

KYIV. July 27 (Interfax) – Ukraine has complied with all the necessary preconditions for holding a meeting of the International Monetary Fund’s (IMF) Executive Board on July 31 and expects its positive decision on issuing the next tranche, says Ukrainian presidential representative at the Cabinet of Ministers Oleksandr Danyliuk.

“This is the last step [the endorsement of a law on lifting a moratorium on the sale of assets of companies in which the state holds at least a 25% stake] and the last term for holding an IMF Board of Governors meeting on July 31. This term was complied with after the president signed this law. We have complied with all terms, and we expect the Executive Board to consider the issuance of the next tranche amounting to $1.7 billion,” Danyliuk said at a news briefing in Kyiv on Monday.