Ukraine received hundreds of millions of dollars from the IMF

Head of the National Bank of Ukraine: the second tranche received from the IMF in the amount of $ 699 million

) for hundreds of millions of dollars, the head of the National Bank of the country Kirill Shevchenko said on Facebook.

‚ÄúToday Ukraine received the second tranche from the International Monetary Fund under the stand-by program in the amount of SDR 500 million (special drawing rights, SDR, special means of payment of the IMF – approx. “” ) “, – Shevchenko wrote, indicating that we are talking about the equivalent of 699 million US dollars. The funds will go to the government's accounts with the National Bank of Ukraine and will increase international reserves, he said.

President of the country Volodymyr Zelensky said earlier about the prospect of receiving funds. He expressed gratitude to the IMF Board of Directors and indicated that the funds will be used to support the financial system of Ukraine and to combat the consequences of the coronavirus pandemic. In addition, he stressed that Kiev will continue cooperation with an international organization.

The IMF Board of Governors approved a new program of support for Ukraine for a year and a half for a year and a half in the summer of 2020, more than two billion have already been sent to Kiev. The Executive Board of the International Monetary Fund (IMF) disclosed the requirements that the Ukrainian authorities pledged to fulfill in order to receive a tranche of $ 700 million. This includes ensuring the independence of the central bank and changes in the policy of the regulator.