Ukraine receives first IMF tranche

Source : 112 Ukraine

The international reserves of Ukraine increased up to $28.7 billion
15:47, 12 June 2020

Open source

The funds of the IMF were received at the budget of Ukraine as Head of the National Bank of Ukraine Yakiv Smoliy reported on Twitter.

“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.

Related: IMF Director estimates implementation of Stand-By program for Ukraine: Risks are very large

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.

Related: Zelensky speaks on first IMF tranche for Ukraine, praises Fund's support

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).


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