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Ukrainian government is trying to find money for IMF

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The Ukrainian government is making every possible effort to fulfill its commitments to the International Monetary Fund and hopes for a successful review of the IMF Stand-By Arrangement in the near future, Ukraine's Deputy Premier for European and International Integration Grygoriy Nemyria said at Davos forum during a meeting with Dominique Strauss-Kahn, Managing Director of the International Monetary Fund.
The parties discussed the state and prospects of Ukraine-IMF cooperation. Nemyria and Strauss-Kahn also focused on the issues that need further discussion in the context of continuation of the IMF programme for Ukraine. The IMF approved a 2-year Stand-By Arrangement with Ukraine worth around USD 16.4 billion in November 2008.

On November 10, 2008, Ukraine received a first tranche worth USD 4.5 billion from the IMF. On May 8, 2009, the IMF Executive Board approved the allocation of a second tranche worth USD 2.8 billion to Ukraine. On July 31, 2009, the IMF transferred USD 3.3 billion as a third tranche to Ukraine.
Written by: Publisher Friday, 29 January 2010 21:01