Daily Insight -- IMF approves US$1bn tranche for Ukraine

​The NBU expects the fourth tranche worth US$1bn from the IMF within the next few days, raising Ukraine's foreign reserves to US$16.1bn. 

Ukraine pledged to boost reforms, including pension reform and the adoption of a law on agricultural land circulation, both expected in April and May 2017, respectively. If Ukraine successfully implements the reforms, the country could raise another three tranches worth US$4.5bn in 2017. The NBU expects an additional US$3.9bn in 2018, increasing the country's foreign reserves to US$25.9bn by the end of 2018. The IMF also approved a reduction in the number of reviews of EFF for Ukraine to ten. In turn, the European Union transferred to Ukraine's government the second tranche of macro-financial aid worth EUR600m on April 4, 2017.