He said that IMF representatives would come to Ukraine even on Tuesday and on Wednesday they will begin work. "The mission comes to see how we execute a memorandum. They want to see how it is being implemented and some decisions will be taken then," the minister said.
According to the official, a lot of consultations have been held, and most of the issues are agreed. "Only technical questions have remained," Yaroshenko added.
As reported, an IMF mission, which will begin work in Ukraine on November 3, intends to talk with the Ukrainian authorities about fiscal deficit, inflation, taxes and other obligations to the IMF.
Late in October, President Viktor Yanukovych in a telephone conversation assured IMF Managing Director Dominique Strauss-Kahn that Ukraine was fulfilling its obligations and the current state of cooperation between Ukraine and the IMF had a constructive nature. The head of state expressed confidence that the current situation in Ukraine gives grounds to continue the program of cooperation with the Fund.
Strauss-Kahn also pointed to the progress that the Ukrainian government has achieved in implementing a cooperation program, and addressing budget deficit in particular.
In July the IMF approved a new credit program for Ukraine with USD 15.15 billion, which is designed for 2.5 years and is aimed primarily at reducing the fiscal deficit in Ukraine and reforming its energy sector. The first disbursement of USD 1.89 billion came to Ukraine in August. Experts predict the IMF's new tranche to be provided late in November on the basis of monitoring of the implementation of the IMF requirements by Ukraine in the third quarter 2010.
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