Ukraine gets $699M as second tranche from IMF – NBU governor

Ukraine gets $699M as second tranche from IMF – NBU governor

Ukrinform
Ukraine has received the second tranche from the International Monetary Fund under the Stand-By Arrangement in the amount of SDR 500 million (equivalent to $699 million).

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.

op


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-