IMF may cut credit tranche for Ukraine by almost a half: Source
Exact amount of the next tranche will be discussed at the end of June
The International Monetary Fund may reduce its next tranche for Ukraine by almost a half – from USD 1,7 billion down to USD 1 billion, ‘Epravda’ reports, quoting a source in Ukraine’s government.
‘Amount of the tranche may be cut down to USD 1 billion’, - the source informed.
Initially, Ukraine was looking at a possibility to receive a USD 1,7 billion in loans.
IIMF’s entire loan program to Ukraine in the amount of USD 17 billion presupposed, that Ukraine will receive eight tranches over 2015 and 2016. However, by now, the IMF has provided only 2 tranches in the amount of USD 5 billion and USD 1,7 billion.
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