Ukraine received the first tranche from the IMF – Smoliy

Ukraine received $ 2.1 billion of the first tranche from the International Monetary Fund, said on June 12 on Twitter, the chairman of the National Bank of Ukraine Yakov Smoliy. “Ukraine has just received the full $ 2.1 billion of the first tranche from the IMF. Did you know that funds do not come directly from the IMF, but from member countries of the Fund? Since yesterday, money has been received in portions in dollars, euros, yen, pounds and yuan – the currencies included in the SDR.

The process is now complete, ”Smoliy wrote. According to him, these funds, having entered the state budget, will help the state to overcome the coronavirus and ensure macro-financial stability. “At the same time, the first tranche was received, together with the receipt of related financial assistance from the EU, it has already increased international reserves to $ 28.7 billion,” the NBU head added. On June 9, the Board of Directors of the International Monetary Fund approved an 18-month program of cooperation with Ukraine worth $ 5 billion.

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