“Ukraine has just received $2.1 billion of the tranche from the IMF. Were you aware that the funds come not from the IMF directly but from the countries-members of the Fund? Since yesterday, the funds were transferred in dollars, euros, yens, pounds and yuans – currencies entering the SDS. The process is finished at the moment,” Smoliy wrote.
According to him, the first tranche along with the cash-flows of the financial aid tied with the EU increased the international reserves up to $28.7 billion.
The IMF allocates funds to Ukraine within the stand-by program.
As we reported, the Executory Board of the International Monetary Fund approved the 18-month-long stand-by funding program for Ukraine. The Ukrainian government will, thus, get access to 3.6 billion SDR (about five billion dollars).