International Monetary Fund (IMF) will review Ukraine's request for financial assistance on December 18, the organization's agenda revealed on Wednesday.
WASHINGTON (Pakistan Point News / Sputnik - 12th December, 2018) International Monetary Fund (IMF) will review Ukraine's request for financial assistance on December 18, the organization's agenda revealed on Wednesday."December 18, 2018. Country: Ukraine. Title: Ukraine - Request for a Stand-by Arrangement and Cancellation of Arrangement Under the Extended Fund Facility (SC)," the agenda said.
Kiev has been receiving loans as part of the IMF's $17.5-billion Extended Fund Facility (EFF) assistance package. The loans, which are part of a four-year program aimed at reviving the Ukrainian economy, were approved by the IMF back in 2015. So far, Kiev has received four installments of aid totaling $8.7 billion.
The IMF froze the aid payments in April, and the fifth payment was never disbursed because Ukraine had not met all of the fund's requirements, which include establishing an anti-corruption court, regulations on gas pricing and a renewed tax policy.
