NBU hopes to receive two tranches worth $2.7 bln from IMF this year

The two tranches, totalling 2.7 billion US dollars are part of the Extended Fund Facility (EFF) programme of the IMF for Ukraine, signed in 2015. "We have downgraded the forecast. Unfortunately, we don't think we have time to get the third tranche by the end of the year, so we just moved it to the next year," she said at a press conference in Kyiv on Thursday. The first of the two tranches may be received by late August. As reported, the four-year EFF program for Ukraine totalling about 17 billion dollars opened by the IMF in March 2015, originally foresaw quarterly revisions of the programme, as well as the issue of four tranches to Kyiv in 2015, with four more in 2016. However, at present the country has received only the first tranche of funds for $5 billion and the second one worth $1.7 billion. Earlier in July, Ukrainian Finance Minister Oleksandr Danyliuk has said Ukraine could receive $4.3 billion by the end of this year.