Poroshenko: Ukraine Expects $7 Billion Loan from IMF

Ukraine expects the allocation of $7 billion from the International Monetary Fund this year, reported the President of Ukraine, Petro Poroshenko, in an interview with CNN.

Information about the upcoming loan installment was posted on Twitter by the Administration of the President. Previously on Twitter, Poroshenko said that the IMF may allocate another loan in February 2016. "Ukraine expects the next allocation from the IMF in February 2016," said Poroshenko.

Previously it was also reported that the head of the IMF, Christine Lagarde, is hoping for a positive result after the next allocation to Ukraine.

During the Economic Forum in Davos, Petro Poroshenko discussed the progress of Ukrainian reforms with Christine Lagarde. "We had a fruitful discussion, which will help, I hope, conclude negotiations on the Memorandum, which our teams are working on," said the head of the IMF, expressing hope for a successful completion of this process.

  Ukraine, IMF, Poroshenko