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Ukraine expects two IMF tranches in 2019, $1,3 billion each

Source : 112 Ukraine

According to the Head of Ukraine's National Bank, the first tranche would be sent in May
16:39, 16 January 2019

Open source

The National Bank (NBU) expects that Ukraine will receive two tranches from the IMF in 2019 under the stand-by program opened in December last year, as Yakiv Smoliy, the Head of the National Bank, said during the press-conference, Interfax reported.

“This year we expect two tranches, $1,3 billion each. One to be received in May, and another would come in September. Therefore, these means would be sent to the international reserves,” he noted.

Related: IMF's new stand-by program foresees three tranches for Ukraine by late 2019

Smoliy reminded that the first tranche by the stand-by program in the amount of $1,4 billion was sent to Ukraine in December 2018.

According to him, the international reserves of the country increased by $2 billion and reached $20,8 billion thanks to the tranches from the international partners (IMF, EU and World Bank) which made $2,4 billion in total.

Related: Ukraine to pay IMF over $1.8 billion in 2019

Previously, in October 2018, Ukraine and the IMF agreed to implement the stand-by program; Ukraine received the first loan in December 2018.  

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