Ukrainian Premier Signals IMF Delay as Key Reform Not Ready

The next transfer of Ukraine’s $17.5 billion international bailout will be delayed until later this year because parliament won’t pass all of the required reforms before its summer recess.

While a pension overhaul is on schedule and steps are being taken to create an anti-corruption court, a bill on land reform won’t be submitted in time, Prime Minister Volodymyr Hroisman said in an interview. The delay will hold up the $1.9 billion fifth tranche of the nation’s International Monetary Fund rescue, though the government remains committed to the program, he said.