"Ukraine has received the first tranche within the new program of cooperation with the International Monetary Fund under the Stand-By Arrangement (SBA) program, adopted by the IMF Board of Directors on December 18, 2018. Due to the receipt of SDR 1 billion (equivalent to $1.4 billion) from the Fund, Ukraine’s international reserves grew to $ 20.1 billion as of December 21, 2018,” reads the report.
The NBU also noted that last time such a level of international reserves was recorded in January 2014.
The new SBA program envisages SDR 2.8 billion (equivalent to $ 3.9 billion) for Ukraine for a 14-month period.
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