You're reading: Finance Ministry: IMF mission extends visit to Ukraine until weekend

A mission from the International Monetary Fund (IMF) in Ukraine on the first revision of the stand-by loan program, headed by Nikolay Gueorguiev, will work in Kyiv until the end of the week, the Ukrainian Finance Ministry has reported.

“The constructive dialogue between the IMF delegation and Ukrainian government members is continuing,” the ministry said on Thursday, July 10.

As reported, the IMF Executive Board on April 30 approved a two-year SBA worth SDR 10.976 billion (about $17.01 billion) for Ukraine. Early in May, the IMF transferred the first tranche worth SDR 2.058 billion (about $3.2 billion), with SDR 1.29 billion (about $2 billion) allocated to the Ukrainian government for budget support.

The second-fourth disbursements scheduled for July 25, Sept. 25 and Dec. 15, 2014, respectively, will total SDR 914.7 million each, while the fifth-eighth quarterly disbursements of 2015 will amount to SDR 1.372 billion each. The ninth disbursement of SDR 686 million will be provided in mid-March 2016 if the terms and conditions stipulated in the program are observed.

The IMF mission arrived in Kyiv on June 24 and planned to end its work on July 9.