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26-11-2009 16:16 Ukraine may get IMF tranche before yearend
Ukraine may receive the fourth tranche of the International Monetary Fund loan before the elections, in 2009, says Valeriy Lytvytskyi, head of the group of advisers to the central bank governor.
He referred to the continuing dialogue between the Ukrainian government and the IMF. In his opinion, the main obstacle to the cooperation is the law on higher social standards. As reported, the IMF approved for Ukraine in November 2008 a two-year stand-by program for about USD 16.4 billion, and has already extended tranches for USD 10.5 billion. If the Ukrainian authority meets the program terms, the IMF will provide this country with USD 3.8 billion more. The finance ministry predicts that the IMF will examine the question of allocating the new tranche on November 30.
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