Pavlo Sheremeta: Ukraine expects for the second IMF tranche in late August

Ukraine is due to receive the second tranche from the International Monetary Fund in late August, since all the necessary requirements have been met. The Minister of Economic Development and Trade of Ukraine Pavlo Sheremeta stressed on air of the program "The first-person action" with the radio Era.

"Practically all the measures necessary for obtaining the second tranche from the IMF have been taken, so we are waiting for this tranche of $ 1.5 billion. We expect for the formal decision of the Directors of the Fund, which is due to be taken around August 20. The International Financial Institutions, namely the IMF and the World Bank are acting in tandem, and if we have received a positive decision of the World Bank, we have every reason to expect for a positive decision from the IMF," said Pavlo Sheremeta.

He reminded that on August 8 with the Director of the World Bank we had signed an agreement for the first loan on policy development in the financial sector worth USD 500 million. Thus, according to the head of the Ministry, in August Ukraine expects to receive from the international financial institutions around USD 2 billion that will afford to focus on macroeconomic stabilization.