Ukraine may receive a $6 billion loan from the International Monetary Fund (IMF) in 2010, Ukrainian Deputy Prime Minister on Economic Issues Sergei Tigipko said.
The IMF approved the loan to Ukraine in November 2008. The fund has already provided three credit tranches worth $4.5 billion, $2.8 billion and $3.3 billion to the country as part of a program to stabilize the economy, which was seriously weakened by the economic crisis. The fourth tranche was due by the end of 2009 but was delayed due to political instability and the absence of a budget for 2010.
The new Ukrainian government has called on the IMF to resume cooperation with the country and to increase the amount of the last tranche.
An IMF mission was in the Ukrainian capital of Kiev on Wednesday for talks on renewing cooperation.
"So far, we are determining which tranches to allocate and how the $6 billion will be divided up," Tigipko said, RIA Novosti reported.
He said it is important to coordinate positions on the budget for 2010. The paper is due to be presented to the Ukrainian parliament by April 1.
"The talks won't be easy; there are still ten days to go," he said.
At the beginning of this month, president of the European Commission Jose Manuel Barroso called on Ukraine's recently elected president Viktor Yanukovych to resume talks with the IMF on the $16.4 billion loan. He said the EU would provide Ukraine with a $0.7 billion in financial aid if the talks succeed.
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