Ukraine says it will soon receive the next tranche from the IMF

Ukraine will receive another $700 mln tranche from the International Monetary Fund (IMF) under the current program in the first decade of October. This was announced on Thursday, September 9, by a member of the Ukrainian parliament, chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Daniil Getmantsev.

“Ukraine will receive the next IMF tranche of $700 million in the first decade of October,” Hetmantsev was quoted by the Ukrainian publication Vesti in his Telegram channel.

Earlier, on August 27, analysts of the American financial holding Morgan Stanley worsened their estimate of Ukraine’s gross domestic product (GDP) growth in 2021 to 3.4% against 4.5%, as expected earlier. The holding said it still forecasts consistent growth in the third and fourth quarters of 2021.

On August 18, political analyst Aleksandr Kochetkov said that Ukraine has neither efficient economy nor efficient government model and the standard of living is extremely low. According to him, the country’s greatest achievement during the years of independence is that it has not been lost so far.

On 28 July, Ukrainian leader Volodymyr Zelenskyy had a telephone conversation with IMF Managing Director Kristalina Georgiyeva, after which he expressed hope for further cooperation between Ukraine and the IMF. He also thanked the fund for its support for the country.

In June, Ukrainian Finance Minister Serhiy Marchenko spoke about the conditions for Ukraine to receive a tranche of the IMF loan, including the resumption of the work of the National Anti-Corruption Bureau, introduction of criminal liability for false and untimely declarations and adoption of a new version of the Supreme Justice Council bill.