News
07.05.2014
Ukraine receives first IMF tranche
The first tranche of the IMF within the frames of the loan program of the International Monetary Fund to the amount of USD 3.2 billion came to Ukraine.
The press service of the NBU told Ukrinform about this.
“The first tranche to the amount of USD 3.2 billion on the stand-by program came on Tuesday,” the regulator informed.
Out of this amount, more than USD 1 billion will be sent to fill the gold and currency reserves.
To remind, April 30, the IMF Board of Directors has approved allocation of a two-year loan on the stand-by program to the amount of USD 17.01 billion to support economic programs of the Ukrainian government to renew macroeconomic stability and ensure economic growth.
According to NBU Governor Stepan Kubiv, the first IMF tranche will be sent to fill the gold and currency reserves and to the budget for stabilization of the financial state of Ukraine.
“More than USD 1 billion from the first tranche will be entered in the gold and currency reserves of the National Bank, which will allow strengthening the financial system of our country. The rest of the funds will be sent to the budget for stabilization of the macroeconomic situation and the financial state of Ukraine,” he has said this at the beginning of the week.
