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Ukraine's financial partners ready to fund this country, - PM Shmygal

Source : 112 Ukraine

During this month, the government hopes to get loans by the total amount of one billion Euros
21:59, 11 June 2020

Ukraine's Prime Minister
Open source

All of Ukraine's financial partners, including the World Bank, confirmed their intentions to fund this country. Denys Shmygal, the Prime Minister of Ukraine, said this during the press conference broadcasted by 112 Ukraine TV channel.

"We hope to get the funds within the month; the main landmark was signature of the memorandum with the IMF. After that, all of our financial partners, including the World Bank, confirmed their intentions to fund Ukraine", he said.

According to the official, during this month, the government hopes to get loans by the total amount of one billion Euros. 

On June 10, Ukraine received the second loan from the European Commission, within the fourth program of the EU macro-financial assistance in the nominal amount of 500 million Euros. 

Related: Ukraine already receives first tranche from IMF, - official

Earlier this month, the IMF Board of Directors approved a $ 5 billion cooperation program with Ukraine. The stand-by financing program is designed for 18 months.

I believe that this is our great victory. Everything was completely agreed Last night. The IMF fully accepted our program,” President Zelensky commented on the IMF decision.

Related: IMF Director estimates implementation of Stand-By program for Ukraine: Risks are very large

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