All IMF money used for forex reserves of Ukraine, - Poroshenko

Source : 112 Ukraine

“Irresponsible politicians claim that IMF funds get stolen. This is a complete lies,” the President said
14:56, 20 March 2017

Presidential Administration press office

All the money Ukraine received in the frameworks of cooperation with International Monetary Fund is kept in the gold and foreign exchange reserves of Ukraine. This was reported by the President of Ukraine Petro Poroshenko on air of 112 Ukraine TV channel.

“Forex reserves were fading away and as of February 2015 only around 5 billion dollars were left. Today it’s 15,5 billion. It’s here where the money from the international organizations was sent first things first and 100% of funds from IMF. Irresponsible politicians claim that IMF funds get stolen. This is a complete lies. Every last cent of the money are kept in the forex reserves of the country and work for the stability of the national currency,” the President said.

Related: National Bank of Ukraine to reconsider macroeconomic forecasts for IMF due to Donbas blockade

Earlier the President said that Ministry of Finance predicted GDP growth slow down due to Donbas blockade. It was a blow on energy, metallurgy and budget and there are risks for national currency, according to Poroshenko.

Related: IMF to consider providing Ukraine $1 billion tranche on March 20

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