No Holdups for Ukrainian Minister Targeting Next IMF Tranche
- Finance Minister Oleksandr Danylyuk speaks in Kiev interview
- Fourth tranche of $17.5 billion bailout due in November
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Ukraine’s finance minister foresees no delays in receiving the next slice of aid from a $17.5 billion bailout, predicting the government can smooth out differences with the International Monetary Fund over pay increases for state employees in next year’s budget.
The $1.3 billion tranche, the fourth from the rescue loan, will arrive as planned in November, Oleksandr Danylyuk said late Friday in an interview. The minister, appointed in a government shakeup in April, wants to accelerate an IMF visit slated for this week to discuss 34 billion hryvnia ($1.3 billion) of salary boosts for judges and other civil servants that the European Union is seeking to improve governance.