NBU expects to receive second tranche from IMF this year

The National Bank of Ukraine (NBU) expects to receive the second tranche from the International Monetary Fund (IMF) by the end of 2020.

NBU Governor Kyrylo Shevchenko said this in an interview with the RBC-Ukraine online news site.

“Our recent macro forecast is based on the assumption that there will be a second tranche this year. Together with the government, we focused on the implementation of the provisions of the memorandum. I believe that we are successfully moving towards the implementation of the provisions of the memorandum, in particular structural beacons," Shevchenko said.

According to him, the National Bank is in constant dialogue with both the IMF and other international partners. "I consider that the continuation of the positive dynamics of cooperation will guarantee the receipt of the next tranches this year," Shevchenko added.

As Ukrinform reported, on June 9, the IMF Executive Board approved an 18-month Stand-By Arrangement for Ukraine, with total access of $5 billion. On June 12, Ukraine received $2.1 billion as the first tranche from the IMF.

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