22:16 GMT +320 February 2019
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    International Monetary Fund

    Ukrainian National Bank Confirms Receiving $5 Bln From IMF

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    The tranche is a part of a $17.5-billion program of financial aid announced by IMF chief Christine Lagarde on Wednesday.

    KIEV (Sputnik) – The Ukrainian National Bank has confirmed it has received the first tranche of $5 billion from the International Monetary Fund.

    The Ukrainian National Bank’s chairman said that the bank had already received the transfer on Sunday.

    Ukraine will receive another tranche of $5 billion by the end of the year.

    On Friday, Russian Finance Minister Anton Siluanov said that Moscow would provide Ukraine with almost $13.8 million as part of the first tranche of IMF financial aid to the country.

    Since April 2014 a military conflict in eastern Ukraine, described by the United Nations as a "major human-rights catastrophe," has been negatively effecting the country's economy. During the past months, the Ukrainian currency has collapsed, foreign reserve and economic growth have contracted.


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