Ukraine pays $450 mln on Stand by agreement

Source : 112 Ukraine

Ukraine paid the IMF $450 mln based on the Stand by agreement of 2014
11:23, 5 August 2017

Open source

Ukraine paid the IMF $450 mln based on the Stand by agreement of 2014, as the NBU representative told Hromadske.

“It’s true, the payments on Stand by has begun, the first payment has already been transeferred. In total the disbursement to the IMF, including both the debt and the interest rate, amounts to $1 billion in Augus-December of his year and doesn’t pose threat to the foreign reserves,” the NBU representative said.

Related: IMF gives five references to Ukraine on State Fiscal Service reform

Ukraine is to receive $17,01 billion based on the loan programme adopted by the IMF in April 2014. In March 2015, the IMF decided to allocate $17,5 billion to Ukraine based on four-year Extended Fund Facility programme, instead of stand by.

Stand by was replaced, as sssistance under the EFF features longer program engagement—to help countries implement medium-term structural reforms—and a longer repayment period.

Ukraine received the first tranche in March 2015 ($5 billion), the second - $1,7 billion in August 2015, the third - $1 billion in September 2016, the fourth - $1 billion in April 2017. Until the end of this year Ukraine is to receive two more tranches from the IMF.

Related: IMF predicts world economy ramp-up

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