Finance Minister Serhiy Marchenko is in Washington this week to negotiate a $700 million tranche with the IMF,

Economy Minister Oleksiy Lyubchenko told reporters yesterday on the sidelines of the Ukraine 30 Forum. “Institutional changes, direct actions of the government” demanded by the IMF have been fulfilled, asserted Lyubchenko, who is also First Deputy Prime Minister. “We very much hope that this tranche will happen, because to give up cheap money is meaningless.” He said that if the tranche does not come, Ukraine will not suffer economic shocks. Last month, reserves climbed to $28.4 billion.