The mission of the International Monetary Fund (IMF) will propose allocating around $2.8 billion in the next tranche of its loan to Ukraine under the stand-by program, IMF Mission Chief in Ukraine Ceyla Pazarbasioglu has said.
"We have agreed our position with the Ukrainian leadership, and propose that the leadership of the [International] Monetary Fund, in particular its Executive Board, allocate around $2.8 billion in the next tranche [of the IMF's loan to Ukraine]," she said at a press conference in Kyiv on Friday, KyivPost informs.

She said that the memorandum of economic and financial policies between Ukraine and the IMF had been agreed at the level of experts and that it would be submitted for approval by the fund's management.

The stand-by program foresees that the IMF mission will check every quarter whether Ukraine observes the terms of its memorandum with the IMF. According to the previous schedule, the second tranche was to be allocated on February 15 (SDR 1.25 billion - $1.87 billion), then on May 15 (SDR 2.5 billion - $3.73 billion), August 15 (SDR 0.75 billion), and November 15 (SDR 2 billion)

this year.

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