21:11 GMT +316 October 2018
Listen Live
    International Monetary Fund

    Ukrainian National Bank Confirms Receiving $5 Bln From IMF

    © AP Photo / Pablo Martinez Monsivais
    Business
    Get short URL
    0 33

    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.

    Related:

    Russia Provides Ukraine With $13.75 Million as Part of First IMF Loan
    IMF Issues First $5Bln Installment of Aid to Ukraine – Envoy
    Kiev Expects First Tranche From IMF by March 15 - Yatsenyuk
    Tags:
    financial aid, International Monetary Fund, Ukraine
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment