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.
- » US Calls for Greek Reforms as Athens Nears Energy Deal with Russia
- » Over 10,000 African Migrants Fled to Italy This Week
- » Kosovo FM to Attend Belgrade Conference, Risks Being Arrested
- » Julian Assange to Be Interrogated by Swedish Prosecutors in London
- » UN Calls for Immediate Ceasefire in Yemen as Special Adviser Resigns
- » Another Ukrainian Journalist Found Dead, Murder Suspected