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.
- » Reina Attacker 'Targeted Taksim Square' on New Year
- » Germany To Hold Parliamentary Elections on September 24
- » Bulgarian EP Deputies Adopt Common Stance Against Blockades in Greece
- » Belgium's CALL: Bulgaria Does Not Offer Migrants Good Conditions
- » Italy Rocked by 4 Quakes in 1 Hour
- » Moldova President: Eurasian Union Ties Not Incompatible with EU Commitments