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IMF mission arrives in Ukraine to meet with authorities
25.10.2011 16:24 "Agro Perspectiva" (Kyiv) —
This was disclosed by the representative of the IMF Kyiv office. During the visit, as expected, the mission will recommend to the Board of Directors of the IMF to resolve the issue of the expediency of allocating the next tranche under the Stand-By Arrangement.
The program of cooperation between Ukraine and the IMF, approved in July 2010, provides for the allocation to Ukraine of the IMF loan worth of USD 15 billion 150 million at annual rate of 3.5%. One of the requirements of the agreement left to be fulfilled by Ukraine to get the next tranche, is to increase gas tariffs for households. As is known, on October 14, Vice Premier Sergei Tigipko said that the talks with the International Monetary Fund indicate that the utilities tariffs will be increased by 32%.
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