Ukraine receives first IMF tranche

08.05.2014 09:14 "Agro Perspectiva" (Kyiv) — As to the NBU press service, the first tranche of the IMF within the frames of the loan program of the International Monetary Fund in the amount of USD 3.2 billion has came to Ukraine, NRCU says referring to the Ukrinform. «The first tranche in the amount of USD 3.2 billion on the stand-by program came on Tuesday,» the NBU press told. Out of this amount, more than USD 1 billion will be sent to fill the gold and currency reserves. It is to be reminded, April 30, the IMF Board of Directors had approved allocation of a two-year loan on the stand-by program to the amount of USD 17.01 billion to support economic programs of the Ukrainian government to renew macroeconomic stability and ensure economic growth. As to the NBU Governor Stepan Kubiv, the first IMF tranche will be sent to fill the gold and currency reserves and to the budget for stabilization of the financial state of Ukraine. «More than USD 1 billion from the first tranche will be entered in the gold and currency reserves of the National Bank, which will allow strengthening the financial system of our country. The rest of the funds will be sent to the budget for stabilization of the macroeconomic situation and the financial state of Ukraine,» he said at the beginning of the week.

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