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Ukrainian govt expects to receive first tranche from IMF by end of May

Source : 112 Ukraine

The amount of the first tranche will correspond to 1.9 billion dollars
19:28, 20 May 2020

Open source

Cabinet of Ministers of Ukraine expects to receive the first tranche from the IMF in the amount of 1.9 billion dollars by the end of May. MP of European Solidarity party Oleksiy Honcharenko reported it on his Telegram channel.

"The Cabinet of Ministers expects to receive the first tranche from the IMF in the amount of 1.9 billion dollars this month," Honcharenko wrote.

According to him, Ukraine should receive five billion dollars in 18 months within the framework of the stand-by program.

Related: Ukraine needs cooperation with IMF, - Saakashvili

As we reported earlier, today, during the press conference, President of Ukraine Volodymyr Zelensky stated that that the signature of a memorandum between Ukraine and the IMF would take place in May.

"Now, I will sign the law on banking activity, the final requirement for the signature of the memorandum between the state of Ukraine and the IMF. We will sign this memorandum. I'm confident we will sign it in May; one shouldn't put that on hold. I will soon get the bank law - tomorrow, or the day after tomorrow, maybe even today. And the doors will be open to the IMF assistance that we fought for so desperately, and you all saw this. We fought for it even in the Verkhovna Rada (the Parliament, - 112 International), Zelensky said.

Related: Poroshenko bragged before Biden about increasing tariffs for Ukrainians higher than IMF asked

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