Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

IMF Mission to Visit Ukraine

KIEV, Ukraine - An International Monetary Fund mission will visit Ukraine this month to assess prospects for releasing the next $187 million in credits under the IMF's loan program, a Ukrainian official said Thursday.

"There are chances for receiving the tranche without the need for approval from the IMF board of directors," said Valery Lytvytsky, a top aide to Prime Minister Viktor Yushchenko.

Lytvytsky said Ukraine has fulfilled its obligations regarding the budget, but noted that some complications with meeting IMF demands in the area of liberalizing foreign trade may mean IMF board approval is required for the loan.

In addition, Ukraine has yet to reduce a crippling 23 percent tax on sunflower seed exports, long an IMF demand.

The IMF resumed lending to Ukraine in December after its $2.6 billion aid program was frozen for more than a year over the former Soviet republic's slow pace of economic reform. The fund's next mission is expected to stay in Ukraine from Jan. 25 and through Feb. 7, Lytvytsky said.