Governor of the National Bank of Ukraine Kyrylo Shevchenko announced this on Facebook, Ukrinform reports.
"Today, Ukraine received the second tranche from the International Monetary Fund under the stand-by program in the amount of SDR 500 million (equivalent to $699 million). These funds will be transferred to the government's accounts with the National Bank of Ukraine and will increase international reserves," he wrote.
Earlier, at a meeting to review the current Stand-By Arrangement for Ukraine, the IMF Executive Board decided to extend the program and allocate a tranche of about $700 million.
President Volodymyr Zelensky thanked the IMF for this decision, noting that the funds will be used to support the financial system and combat the effects of the COVID-19 pandemic.
Prime Minister Denys Shmyhal, in turn, stressed that the IMF's decision to provide this tranche had confirmed Ukraine's status as a reliable and responsible partner.
Let’s get started read our news at facebook messenger > > > Click here for subscribe