Thirteen months since the last tranche, the IMF has finally allocated the third tranche of its program to Ukraine, bringing the total disbursement to $7.6 billion. Although it is less than the originally planned $1.7 billion and came with substantial delays, the receipt of the $1 billion tranche was celebrated by the Ukrainian government as the first time Ukraine has progressed that far in any of its IMF programs.In its previous programs, Ukraine was quick to abandon the difficult IMF-prescribed reforms soon after its economic crises became less acute. …read more
Source: Atlantic Council