Ukraine gets first loan tranche from IMF: central bank

Ukraine gets first loan tranche from IMF: central bank

PanARMENIAN.Net - Ukraine has received the first loan tranche from the International Monetary Fund (IMF), the country’s central bank said Wednesday, May 7, according to RIA Novosti.

“We can confirm that we have received the money,” the Ukrainian National Bank’s press office said, while refusing to comment on the amount of the payment.

Earlier reports said the IMF would pay $3.2 billion as the initial installment of the two-year aid program worth $17 billion total.

The Cabinet’s press office cited acting Prime Minister Arseny Yatsenyuk as saying that international creditors had pledged aid to Ukraine worth some $5 billion. A portion of these funds will go to the central bank's foreign currency reserves, and the rest to the state budget to stabilize Ukraine’s macroeconomic situation, he said.

 Top stories
“The European Union expects that this substantial assistance will lead to bold reforms over the next years,” Hristea said.
Over the 9 months of 2014, Ameribank's assets amounted to AMD 334 billion, taking it to the top of Armenia's banking system.
Sergo Karapetyan stated that exports of Armenian fruits (except fort apricots) and vegetables to Russia this year have doubled.
Among CIS countries, Azerbaijan was placed 60th, Russia 91st, Moldova 75th, Ukraine 88th, Kyrgyzstan 101st place.
Partner news