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
Aleksei Miller was also scheduled to meet with government officials in Germany, which is a major customer of Gazprom’s supplies.
Access to finance is a major impediment to the growth of micro, small and medium enterprises, especially in the rural areas.
Armenia saw remarkable economic growth and poverty reduction in the period preceding the global financial crisis of 2008–2009.
Priority needs will be identified through assessments of economic development potential and prioritization by the communities.
Partner news