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IMF starts to transfer tranche to Ukraine
16:08, 5 April 2017
IMF starts to transfer tranche to Ukraine

The tranche was approved on April 3

16:08, 5 April 2017

Ukraine's Presidental Administration

International Monetary Fund started transferring the money of tranche for Ukraine. This was reported by the Finance Minister of Ukraine Oleksandr Danylyuk, he wrote this on his Facebook page.

“The process of money transfer of the fourth IMF tranche has started,” Danylyuk wrote.

Related: IMF releases Memorandum on Ukraine’s economic and financial policy

Earlier it was reported that Ukraine expects that the IMF will allocate 4.5 billion U.S. dollars for this country by the end of this year. That’s the total amount of three loans expected by late 2017, according to Deputy Head of the National Bank.

According to the official, Ukraine’s reserves should make 21 billion U.S. dollars by the end of 2017 – granted that the three tranches reach Ukraine by that time; by late 2018, the number is expected to grow to 26 billion.

Related: Poroshenko thanks Lagarde for IMF tranche during phone call

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