Ukraine, IMF sent the next tranche of the loan

The Ukrainian government has received from the International Monetary Fund (IMF) has 1.5 billion dollars of credit that allows you to fully fund the budget deficit this year, the Board of Directors (IMF) on Wednesday, late in the evening decided to allocate to Ukraine the second tranche of the loan stand -by in the amount of SDR 1 billion, which at the current rate of special drawing rights amounts to 1.47 billion dollars, writes edition Kommersant-Ukraine. Commenting on this decision, the first deputy executive director of IMF John Lipsky said the implementation of Ukraine's commitments. "The power of the country and further configured to prompt reforms in fiscal, fuel and energy and financial sectors, it is necessary to achieve the objectives" - he said. It is planned that up to 1 billion dollars will be allocated to cover the budget deficit, the remaining funds will be credited in foreign exchange reserves of the NBU. It is assumed that the next tranche in the amount of SDR 1 billion dollars will be granted on March 1, but this date may be revised. Separating the second tranche of the IMF away from the previously approved date - November 30 - is waiting for a decision of the Tax Code and the state budget for 2011. To receive the third tranche, Ukraine has from 1 April 2011 to 50% higher price for gas for the population. "Further measures, including increased gas prices and the structural reforms needed to create a viable and transparent energy sector", - said John Lipsky.