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IMF Board of Directors approves $1 billion tranche for Ukraine, — Poroshenko
19:35, 3 April 2017
IMF Board of Directors approves $1 billion tranche for Ukraine, — Poroshenko

President thinks that IMF’s decision is recognition of Ukrainian reforms

19:35, 3 April 2017

Facebook Petro Poroshenko

Board of Directors  of the International Monetary Fund (IMF) approved the allocation of $1 billion tranche for Ukraine. This was reported by Ukrainian President Petro Poroshenko on his Facebook page.

"IMF Board has adopted the decision to allocate $1 billion for Ukraine. This is yet another recognition of Ukrainian reforms!" Poroshenko wrote.

The four-year Expanded Financing Facility program (EFF) opened in March 2015, with the total amount about $17.11 billion with the first tranche of $5 billion, was expected to be reviewed on a quarterly basis, providing for the allocation of three $1.63 billion tranches in 2015 and decreasing quarterly tranches to $0.61 billion in 2016-2018.

Related: Blockade of IMF tranche for Ukraine: Why the Fund took a timeout

Related: All IMF money used for forex reserves of Ukraine, - Poroshenko

Related: National Bank of Ukraine to reconsider macroeconomic forecasts for IMF due to Donbas blockade

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