IMF announces further delay in Ukraine bailout

The Washington-based organization earlier said that a review on unlocking the next loan tranche was nearing completion and it could be considered in July. Since August 2015, Ukraine has received no new IMF disbursements from the bailout package approved in April last year. Ukraine is currently awaiting the next $1.6 billion tranche from the bailout, intended to help stabilize the country, engulfed in a military conflict with Russia-backed separatists for more than two years. Kyiv has been struggling to implement deep structural reforms, including rooting out endemic corruption, to meet conditions attached to IMF assistance. The IMF has been frustrated by the slow passage of reforms in Ukraine. Kyiv has so far received $6.7 billion of the IMF's loan package.