Ukraine expects that the IMF will allocate 4.5 billion U.S. dollars for this country by the end of this year. Oleg Churiy, the Deputy Head of the National Bank of Ukraine, said this as quoted by DW.
‘That’s the overall amount of the three loans to be credited by the IMF by the end of the year,’ he said.
According to the official, Ukraine’s reserves should make 21 billion U.S. dollars by the end of 2017 – granted that the three tranches reach Ukraine by that time; by late 2018, the number is expected to grow to 26 billion.
On April 4, the IMF released the memorandum on Ukraine’s financial policy. The day before that, the Fund’s directors board approved allocation of 1 billion U.S. dollars for Ukraine.