The first tranche of IMF money — $1.38 billion – is to be disbursed ‘immediately.

The first tranche of IMF money — $1.38 billion – is to be disbursed ‘immediately.’ But the next two tranches – probably of $1.24 billion each – depend on Ukraine passing two semi-annual reviews, the first after the expected April 21 presidential runoff election, and the second after the fall parliamentary elections. For this program, the 10th in Ukraine’s history, the IMF lists key markers: reducing the public debt, reducing inflation at a flexible exchange rate regime, strengthening the financial sector and real improvements in tax administration, privatization, governance, and anti-corruption.