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Ukraine : Olexandr Shlapak: IMF mission is due to visit Ukraine in June

May 13, 2014

An IMF mission is planned to arrive to Ukraine in June. The Finance Minister of Ukraine Olexandr Shlapak informed at a briefing on May 12, at the House of Government.

The IMF assessment mission will arrive here in June. It is then we will discuss implementation of the budget and GDP state, the Finance Minister of Ukraine stressed.

He noted the IMF had forecast reducing of real GDP in Ukraine by 5% in 2014. The Finance Ministry agrees with this number of the International Monetary Fund.

Moreover, the Finance Minister emphasized this issue would be raised during the negotiation with the IMF mission members in June during their due visit to Ukraine.

He added reconsidering of the State Budget numbers isn t planned to raise.

Therefore, Olexandr Shlapak informed the Government hadn t applied funds of the first tranche given by the International Monetary Fund which Ukraine in the amount of USD 3.2 billion. We haven t lost a cent out of the funds transferred to the budget of our country, he said and explained that according to the calculations the loan funding should be enough to pay off along our international obligations.

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Source: TendersInfo (India)