02:08 GMT06 May 2021
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    Ukrainian President Petro Poroshenko expected the IMF to provide Kiev with a new $1 billion tranche of financial aid on Wednesday.

    MOSCOW (Sputnik) — Ukrainian President Petro Poroshenko said Tuesday he expected the International Monetary Fund (IMF) to agree to provide Kiev with a new $1 billion tranche of financial aid on Wednesday.

    "Tomorrow, on [September] 14 we will have another one billion tranche from the International Monetary Fund that serves as a solid base for our reforms," Poroshenko said, addressing the residents of the city of Dnipro, formerly known as Dnipropetrovsk.

    On March 11, 2015, the US-based IMF approved a four-year program of financial aid to Ukraine, which stipulates a $17.5-billion loan to be paid out in a number of installments over the next four years and originally open for reviewing on a quarterly basis.

    According to IMF rules, to receive aid a country should settle all its debts. Russia filed a lawsuit against Ukraine in the London High Court in February following Kiev's default on a 2013 $3-billion loan.

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    Tags:
    International Monetary Fund, Petro Poroshenko, Ukraine
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