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Second loan from IMF could amount to USD 700 mln, - National Bank of Ukraine

Source : 112 Ukraine

The Fund's mission is supposed to come to Ukraine in September
20:18, 9 September 2021

 AFP 

The sum of the second IMF loan for Ukraine, which is part of the stand-by program could exceed 700 million U.S. dollars. Kyrylo Shevchenko, the head of the National Bank of Ukraine reported that at a briefing.

According to him, the IMF mission's arrival in Kyiv is expected in September.

Related: New tranche from the IMF will be discussed this month, - Adviser on economic issues

In June 2020, the IMF approved the stand-by program for Ukraine. The overall amount of funds made approximately five billion dollars. The first tranche followed immediately after that, and Ukraine received 2.1 billion dollars. Four rounds of revision of fulfillment of conditions were allocated, and four more tranches were supposed to follow. However, the schedule was broken, and the funding was suspended because Ukraine failed to live up to certain commitments.

Related: EU Representative Maasikas: IMF can approve another tranche to Ukraine soon

 

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