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IMF chief reports progress in Ukraine's reforms

Xinhua, January 20, 2017 Adjust font size:

International Monetary Fund (IMF) Managing Director Christine Lagarde on Thursday said Ukraine has made progress in implementing reforms needed for the review of the fund's 17.5-billion-U.S.-dollar bailout program.

"I have every reason to believe that the last few technical details, which need to be addressed, in the next couple of days will be satisfied," said Lagarde after her meeting with Ukrainian President Petro Poroshenko in Davos, Switzerland.

The next review of the cooperation program between the IMF and Ukraine is set to be completed in the coming days, Lagarde said.

Her words have signalized that the IMF may unlock the fourth tranche of the aid for Kiev in the near future.

Since 2015, Ukraine has received a total of 7.7 billion dollars in three disbursements of the financial support from the global lender.

The allocation of the fourth tranche has been delayed over Kiev's protraction in implementing the required reforms. Endit