15.12.2010 13:40

IMF Executive Board to consider first review under SBA with Ukraine on December 22


The Executive Board of the International Monetary Fund has put an issue of the first review under the stand-by arrangement with Ukraine on the agenda of its meeting on December 22, 2010.

According to the IMF's Web site, this day the Executive Board will also consider the consultations with India and the sixth review under the stand-by-arrangement with Serbia.

The IMF in late July 2010 agreed to resume lending cooperation with Ukraine under a new stand-by program worth SDR 10 billion. Kyiv has already received the first tranche of SDR 1.25 billion and expects to receive a second one of SDR 1 billion (about $ 1.6 billion) by the end of this year.

An IMF mission worked in Kyiv in November 2010. The IMF said after its work that its experts had agreed on the issue of the first review of the fund's cooperation program with Ukraine.

On December 8, 2010, Ukraine's government approved a draft memorandum that will be submitted to the International Monetary Fund (IMF). The wording of the document hasn't been made public yet.

According to unofficial reports, the document, among other things, confirms the intention of the Ukrainian authorities to agree on a gradual increase in the retirement age for women from 55 to 60 years, as well as to raise domestic gas prices for households and public utility companies by 50% from April 15, 2011. Interfax-Ukraine

Теги материала: International Monetary Fund, Ukraine, Money
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