Ukraine National Bank Receives $1-Bln IMF Tranche - Finance Minister

© Sputnik / Natalia Seliverstova /  / Go to the mediabankInternational Monetary Fund
International Monetary Fund - Sputnik International
The fourth tranche of the International Monetary Fund credit of $1 billion to Ukraine has entered the reserve of the National Bank of Ukraine, Ukrainian Finance Minister Oleksandr Danyliuk said Wednesday.

KIEV (Sputnik) – The IMF approved a four-year program of financial aid to Ukraine in March 2015. Kiev has already received three tranches of aid totaling $7.7 billion under the program, which stipulates the allocation of a $17.5-billion loan to Ukraine to revive the country's economy and requires the implementation of economic reforms.

"The fourth IMF tranche of $1 bilion entered the reserves of the National Bank of Ukraine," Danyliuk said on his Facebook account.

On Monday, the IMF authorized a $1 billion tranche in financial aid to Ukraine as the country’s economy is slowly recovering. At the same time, the IMF stressed in a press release on Tuesday the need to speed up the pace of structural and governance reforms in Ukraine to achieve stronger economic growth.

To participate in the discussion
log in or register
Заголовок открываемого материала