Ukraine received the first tranche from the IMF on a new program

Украина получила первый транш от МВФ по новой программе

Ukraine received the first tranche under a new cooperation program with the International monetary Fund on the terms of the Stand-By Arrangement (SBA), which the IMF Board of Directors adopted on 18 December 2018.

This is stated in the report of the National Bank, Ukrainian news.

It is noted that with the entry in the amount of 1 billion special drawing rights (about $ 1.4 billion) from the Fund of international reserves of Ukraine grew to $ 20 billion as at 21 December 2018.

This is a five-year high as the last time this level of international reserves was recorded in January 2014.

According to National Bank by obtaining funds from international partners – the IMF, the world Bank and the European Commission – Ukraine will be able to complete the current year with the volume of international reserves of about 20 billion dollars, exceeding the latest forecast by the NBU, and to maintain them at the proper level in 2019.

We will remind, earlier soobwenie in the new program of the IMF stand-by 3.9 billion dollars contains less requirements for structural reforms in Ukraine than the previous one. About it write the Ukrainian mass media with reference to the publication of the international rating Agency Standard & Poor’s Global Ratings.