KIEV (Sputnik) – Kiev hopes to receive a second tranche of $2.5 billion from the International Monetary Fund by mid-June, Ukraine’s Unian news agency reported on Wednesday, citing information on the country’s National Bank.
The IMF is considering loaning Ukraine a total of $17.5 billion, and international creditors have vowed another $40 billion in the next four years.
Ukraine already received the first tranche of $5 billion and plans to receive another $10 billion in 2015.
A year-long military conflict in southeast Ukraine has led to the national currency plummeting amid a looming default and international credit agencies classifying Kiev's credit rating as junk.
A four-year financial aid package to stabilize Ukraine's economy was endorsed by the IMF in return for Kiev's commitment to implement deep political, social and financial reforms in the country. A regular checkup of Kiev's fulfillment of IMF requirements is expected to take place in May-June 2015.
