economics
IMF Ends Ukraine Loan Review With No Deal on Next Tranche
By and
Updated on
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Lender says “more progress” is needed to complete the review
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Talks with Ukraine over policies will continue to unlock funds
The International Monetary Fund ended a remote review of its $5 billion loan program with Ukraine without clearing the next tranche because conditions haven’t been met.
The Washington-based lender held discussions with the Ukrainian government for more than a month as the country sought a $700 million disbursement, originally due in September 2020. Talks focused on areas including strengthening governance of the central bank, improvements to the legislative and regulatory framework for bank supervision, and strengthening anti-corruption systems, according to the IMF.
