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.
- » Victims of the Catastrophic Earthquake in Italy reach 240
- » Turkey to Open Third Bridge across Bosphorus Friday
- » Terror Attack on American University of Afghanistan Leaves at least 10 Dead
- » Serbian Hunter Suspected of Shooting Afghan Migrant Dead near Pirot
- » Turkey Starts Military Operation in Syria to Push IS Group Back from Border
- » Montenegro’s Igor Luksic Withdraws from Race for Top UN Job