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Ukraine owes $12 billion to IMF

Source : 112 Ukraine

Within this period Greece owed more to the IMF than Ukraine did
19:49, 28 February 2018

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The outstanding debt of Ukraine to the International Monetary Fund is more than 8,5 billion SDR (IMF currency unit). This information was published on the Fund’s page dedicated to Ukraine.

This sum equals 332 billion hryvnias or 11,93 billion dollars.

It should be stated that within this period Greece owed more to the IMF than Ukraine does now (9,16 billion SDR or around $12,8 billion). Portuguese debt is 3,86 billion SDR ($5,4 billion).

As we reported earlier, Ukraine cooperates with the IMF since 1992. Kyiv received nine tranches within this time.

Related: Ukraine should immediately pass law on anti-corruption court, - IMF

Ukraine partially repaid the IMF under the stand-by program of 2014. Kyiv repaid two tranches - $37 billion and $87 billion.

The loan program for Ukraine in the amount of $17,01 billion was approved by the IMF at the end of April 2014. The first tranche of the stand-by loan in the amount of $3,19 billion was sent to Ukraine at the beginning of May.

The IMF Board of Directors approved the allocation of $17,5 billion for Ukraine in March 2015 by the EFF (Extended Fund Facility) four-year program instead of the stand-by program.

The stand-by program was replaced by the “scheme of extended funding” due to the long-term need of Ukraine’s pay balance.

Related: Ukraine pays $375 million back to IMF under 2014 SBA

Ukraine received the first $5 billion tranche under this program in March of 2015, the second one – $1,7 billion in August of 2015, the third one - $1 billion in September of 2016, and the fourth one - $1 billion in April of 2017.

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