IMF disburses about USD 2.1bn for Ukraine

Open source

The first tranche of the new Ukraine’s stand-by loan program approved by the Board of Directors of the International Monetary Fund (IMF) the day before has already been transferred to the accounts of the Ukrainian government, according to the representative of Ukraine in the IMF Vladyslav Rashkovan.

It amounted to USD 2.1 billion will be credited to the government taking into account the time difference and the speed of passage of funds in international payment systems.

#IMF – поддержка УкраиныДля тех, кто не видел вечернюю новость: Совет директоров МВФ утвердил новую программу Stand-by…

Gepostet von Vladyslav Rashkovan am Dienstag, 9. Juni 2020

The Ukrainian Stand-by program is the first new structural program (upper credit tranche program) approved by the IMF Board of Directors on March 26 this year.

The Ukrainian USD 5 billion Stand-by program represents the largest level of support of the Fund (except for 3 FCL decisions);

Read also: Ukraine receives humanitarian aid from China.

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