Ukraine to receive over $ 2.7 billion from IMF on eve of Independence Day

Source : 112 Ukraine

The funds are expected to arrive in Ukraine on August 23
13:03, 3 August 2021

Ukraine will receive over 2.7 billion dollars from the International Monetary Fund on the eve of Independence Day. This was reported by the press service of the President's Office.

"Ukraine will receive more than $ 2.7 billion from the IMF free of charge and without any additional conditions," the statement said.

It is noted that the decision was made by the IMF Board of Directors at the suggestion of the Kristalina Georgieva Managing Director of the International Monetary Fund to help rebuild the world economy, which suffered from the coronavirus pandemic. In total, Special Drawing Rights (SDRs) worth 650 billion dollars will be distributed among the countries.

Ukraine is expected to receive a tranche of more than $ 2.7 billion on August 23.

Related: Ukraine could get IMF loan by late 2021, - deputy head of National Bank

Earlier it was reported that the IMF is in close contact with the Ukrainian authorities on progress in completing the first review of the stand-by arrangement of 5 billion dollars for allocation of the second tranche.

According to experts of the American financial holding J. P. Morgan, the second tranche from the IMF in the amount of 3 billion dollars can be provided to Ukraine by the end of 2021.

Earlier it was reported that the International Monetary Fund (IMF) has approved $650 billion in help for vulnerable countries to tackle the economic crisis from the Covid-19 pandemic.

Related: Ukraine to receive EU second tranche after reforming judicial system, - Šefčovič

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