Media reported about problems of Ukraine to receive tranche from the IMF

© RIA Novosti / Natalia to Seliverstova in photobacteria the International monetary Fund in Washington. Archival photoMedia reported about problems of Ukraine to receive tranche from the IMF© RIA Novosti / Natalia to Seliverstova the image Bank

Negotiations of the Ukrainian authorities with the mission of the International monetary Fund (IMF) have not yielded the expected results, writes «Ukrainian news».

The parties were to sign a Memorandum of understanding regarding a new funding program Stand-by, which would replace the current EFF. However, as it became known publication, in the process of negotiations, the Fund refused to allocate money to the adoption by the Verkhovna Rada budget for 2019.

Earlier this condition was not made, so in Kiev had hoped that would be relevant in December — it was then that the Parliament adopts the budget. The Ukrainian government planned to receive the first tranche of $ 1.9 billion under the new program by the end of October.

The IMF mission on the eve of the completed work in Kiev. In the organization said that further discussion on the future financing of Kiev, but in details did not.

IMF assistance

A four-year program of assistance involves the allocation of Ukraine 17.5 billion dollars. In March 2015, Kyiv received the first tranche of five billion, in August of the same year — the second in 1.7 billion. 2016-2017-x IMF gave Ukraine a billion dollars. The fifth translation of the Ukrainian authorities expect to receive before the end of 2017, however it is still not identified.

The external debt of the country for the 2016-2017 increased by 18.9 and 10.9 percent, respectively, and in just five years — since the beginning of 2013 until the beginning of 2018, the debt to GDP ratio has almost doubled: from 36.6 to 71,8 per cent.

Media reported about problems of Ukraine to receive tranche from the IMF© Vitaly Podleckis an outstretched hand

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