Ukraine's central bank says it has fulfilled IMF bailout obligations

The National Bank of Ukraine (NBU), the country's central bank, has implemented all of its obligations under the International Monetary Fund's (IMF) bailout program, the bank's governor Valeria Gontareva said on Tuesday.

She made the remarks during a meeting with Ron Van Rooden, the head of the IMF mission to Ukraine, the NBU said in a statement.

"Gontareva underlined that the National Bank has met all the requirements of the program relating to its activities and now it expects the second review of the program," the statement said.

The IMF mission arrived in Kiev earlier in the day for an eight-day working visit, during which it will hold talks with the Ukrainian authorities over the second review of the bailout program totally worth 17.5 billion U.S. dollars.

Reduction of the budget deficit and public debt, as well as stabilization of the exchange rate of the local currency are the major IMF requirements to Ukraine's central bank for allocation of the third tranche of the program.

Other main conditions set by the global lender to unlock the aid include structural reforms in judicial and energy sectors, which are carried out by the government.

In 2015, Ukraine received a total of 6.7 billion dollars from the global lender in two tranches of the aid package. Endit