Tigipko Says Ukraine Has Not Done Enough To Get Next Tranche Of Loan From IMF

KIEV, Ukraine -- Vice Prime Minister and Social Policy Minister Sergiy Tigipko has said that Ukraine still has not fulfilled its obligations in full in order to obtain the next tranche of a loan from the International Monetary Fund (IMF).

Sergiy Tigipko

"Speaking about the current stage, we still are not ready [to receive the next tranche]. There are decisions that we haven't taken and we have to discuss and approve [them]…," he said on Channel 5 on Wednesday evening, when asked if everything was ready for Ukraine to get the next tranche of a loan from the IMF.

Tigipko noted that an IMF mission would work in Ukraine at the beginning of February 2011.

"The [IMF] mission will work [in Ukraine] until February 11 [2011] and, if I'm not mistaken, on March 15 there must be a decision by the IMF Board of Directors [on the allocation of the next tranche to Ukraine]," he said.

Tigipko said Ukraine had taken about 20 decisions that had to be approved under the IMF's conditions.

The vice premier said that at present an active discussion is taking place and Ukraine is receiving proposals from the IMF that have to be implemented.

Source: Sinoptik

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