The Ukrainian delegation during talks in Washington at an annual meeting of the International Monetary Fund (IMF) and the World Bank has agreed on the certain coordination of approaches of the European Commission and the IMF, which will allow to greatly speed up the arrival of the next tranche of aid from the EU for a total of 760 million euros, Ukraine's Ministry of Finance has said.
According to a press release posted on its Web site, the Ukrainian mission at a meeting with the leadership of the World Bank discussed the issues of increasing assistance under the existing multi-sector loan program for the policy of development, which would allow to get extra $250 million by the end of the year.
The parties also exchanged views as for implementing the program for the development of the financial sector, which was supported by the World Bank, while a separate topic of the discussion was the consideration of the most effective financial instruments for the purchase of additional volumes of natural gas.
According to the Ministry of Finance, its representatives and the IMF discussed changes to the economic situation related, first of all, to the destruction of industrial infrastructure by militants in eastern Ukraine. In this context, the fund’s experts positively evaluated the effect of the administrative restrictions imposed primarily on the cash currency market, which contributed to the slowdown of crisis trends, reads the report by the Ukrainian authority.
