PM believes Ukraine can receive current IMF tranche till year end.

By bne IntelliNews November 18, 2010
The PM Mykola Azarov believes that Ukraine can receive current USD 1.6bn tranche from the International Monetary Fund (IMF) by the end of the year. Azarov pointed to the words of Head of the IMF Mission Anastasios Arvanitis, who announced that the mission had reached an agreement with domestic authorities regarding the first revision of the program within the stand-by agreement. According to Azarov, so far, the government has not spend a cent from the first tranche, because the government needs those funds not as a resource for the current needs, but as a reserve that covers risks of the first stage of carrying out reforms in Ukraine.

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