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.
- » Greek Farmers Warn of 'More Intense' Blockade on Bulgaria-Greece Border
- » Merkel to Discuss Migrant Crisis with Davutoglu in Ankara Monday
- » Bulgaria Agrees Joint Action to Curb Organised Begging in Sweden
- » Bulgarian Transport Minister to Hold Talks with Protesting Greek Farmers
- » EU's Unanimous Recognition of Kosovo to Normalise Relations with Serbia – MEPs
- » More Blockades at Bulgarian-Greek Checkpoints Expected as Farmers' Protests Continue