Ukraine and IMF may reach a staff level agreement in the next few weeks,

close to the one year anniversary of the $5 billion Stand-By Agreement, Yuriy Geletiy, Deputy Governor of the National Bank of Ukraine, announced in an interview with FinClub. Referring to reforms that must pass the Rada, he said: “Work with our Banking Committee is quite constructive. I hope it will be the same with other committees, which will consider the legislative changes needed to continue cooperation with the IMF.” After the IMF approved an 18-month stand-by program last June 9, only a first tranche of $2.1 billion was disbursed. Several reviews and most tranches were planned, but the program stalled due to lack of progress on the Rada adopting free market economic changes.