Ukraine receives first IMF tranche

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news“The first tranche to the amount of USD 3.2 billion on the stand-by program came on Tuesday,” the regulator informed.

Out of this amount, more than USD 1 billion will be sent to fill the gold and currency reserves.

To remind, April 30, the IMF Board of Directors has approved allocation of a two-year loan on the stand-by program to the amount of USD 17.01 billion to support economic programs of the Ukrainian government to renew macroeconomic stability and ensure economic growth.

According to NBU Governor Stepan Kubiv, the first IMF tranche will be sent to fill the gold and currency reserves and to the budget for stabilization of the financial state of Ukraine.

The full article is available HERE.

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