The International Monetary Fund (IMF) is expecting allocation of the third tranche of the stand by loan to Ukraine after June 15, according to Kyiv Post.
Head of the International Monetary Fund Mission in Ukraine Ceyla Pazarbasioglu has announced this at a phone conference in Washington, the United States.
Ceyla Pazarbasioglu said the size of the third tranche could be SDR 2.125 billion, which is equivalent of nearly USD 3 billion.
The International Monetary Fund has scheduled the next revision of the program of the cooperation between Ukraine and the IMF for June. If the revision is a success, the Executive Board of the International Monetary Fund is likely to endorse a decision about allocation of the third tranche of the bailout loan to Ukraine.
The cooperation program between Ukraine and the International Monetary Fund envisages quarterly monitoring of Ukraine's economic performance.
As a reminder, on November 5, 2008, the IMF decided to grant USD 16.4 billion to Ukraine to overcome turmoil in the country's economy.
On November 10, 2008, the International Monetary Fund allocated the first tranche worth equivalent of USD 4.5 billion.
On May 8, 2009, the Executive Board of the International Monetary Fund completed the first review of Ukraine's economic performance under the 2-year Stand-By Arrangement (SBA), and approved the immediate release of the second tranche of USD 2.8 billion of the bailout stand by loan.
The International Monetary Fund does not rule out that the second and the third tranches of the stand by loan for Ukraine will be equal.
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