"After the memorandum is signed, receiving the tranche will be a matter of days. The money will go to the National Bank's reserves, which will strengthen the hryvnia," he said, according to UNIAN. As reported, in September, after more than a year's break, Ukraine has resumed cooperation with the IMF on the four-year Extended Fund Facility programme worth 17.5 billion US dollars. Under this program, Ukraine has already received three tranches, totalling 7.62 billion dollars. Ukraine expected to receive the fourth 1 billion dollar tranche by the end of 2016, having fulfilled the key requirements. But the IMF Executive Board meeting on the issue was delayed several times. In order to hold such a meeting, Ukraine and the IMF are to sign a letter of intent, followed by a memorandum, which would identify key beacons of the reform program for the next months. These beacons are expected to be land and pension reforms.