Ukraine Receives First IMF Tranche
Ukraine has received the first tranche of USD 3.2 B from the IMF aid program, reports the central bank.
The bank said the first tranche was received on Tuesday. More than $1 billion went to the bank's foreign currency reserves and the rest to the state budget, a spokesman said.
The IMF loan is worth USD 17 B and requires economic reforms, hiking of taxes and energy prices, freezing of minimum wages and other economic measures.
Meanwhile, the Ukrainian news agency UNIAN reported that part of the loan can be used for paying the sum Ukraine owes Gazprom for natural gas.
- » Greece 'Will Request Multi-Year Bailout' Prior to EU-28 Summit on Sunday
- » Mysterious Flags in Kiev Downtown: Russian or Bulgarian?
- » Eurogroup Waiting for New Reform Proposal from Greece
- » Stoltenberg Welcomes Montenegro’s Progress on Path to NATO
- » Nuclear Talks with Iran to Go on Past Tuesday, EU’s Mogherini Says
- » EU Commission, Parliament Presidents Express Opposition to Grexit