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