UPDATE 1-Ukraine says fulfilled all conditions for first IMF tranche

jueves 10 de abril de 2014 20:45 GYT
 

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By Lidia Kelly and Anna Yukhananov

WASHINGTON, April 10 (Reuters) - Ukraine Finance Minister Oleksander Shlapak said on Thursday that Kiev has fulfilled all conditions to receive the first portion of the financial aid package from the International Monetary Fund.

"We're here to speak in more specific terms about time and conditions of (international) support," Shlapak told journalists on the sidelines of the World Bank-IMF spring meeting in Washington.

"Moreover, Ukraine has fulfilled all the conditions set by the IMF for the first tranche."

The IMF agreed in late March to a $14 billion-$18 billion two-year bailout for Ukraine, a deal to help it recover from months of turmoil that will also unlock further credits making a total of $27 billion.

The Fund's executive board has yet to approve the distribution of the programme, but Fund Managing Director Christine Lagarde said on Thursday the board is likely to consider it by early May at the latest.

Ukraine's Shlapak said Kiev had to fulfil 13 IMF conditions in order to receive the money, including ones referring to monetary policy, liquidity requirements, banks' recapitalisation and a stress test of 35 banks.

"We have met all theses conditions," National Bank of Ukraine Governor Stepan Kubiv said at the same briefing.   Continuación...