Ukraine repaid IMF loans under stand by 2014 program

Source : 112 Ukraine

Final payments under the program amounted to more than $156 million
16:58, 4 September 2019

International Monetary Fund
Open source

Ukraine made the last payment of the International Monetary Fund (IMF) under a stand-by program in amount of 156.4 million dollars after having paid over 150 million dollars to the IMF. Ukrainian News agency reported this with reference to the press service the National Bank of Ukraine.

“Ukraine made the last payment under the stand-by program with the International Monetary Fund launched in 2014. The last payment was 156.4 million dollars,” the statement reads.

Earlier, from the rostrum of Verkhovna Rada, Prime Minister of Ukraine Oleksiy Honcharuk said that Ukraine would negotiate with the IMF about a new 3-4-year cooperation program.

Related: IMF cuts forecast of world economy growth by 0.1 percent

According to the Minister of Finance, now Ukraine's task is to bring the country to such an economic level that it could withdraw from the program and can live on its own, like other European countries.

It was also reported that the IMF mission would arrive in Ukraine to start negotiations on signing a new credit program immediately after a new government is formed and it determines its priorities.

Related: Zelensky promises sale of Ukraine: Land and enterprises in exchange for IMF loans

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