Ukrainian President Volodymyr Zelensky said the country would receive hundreds of millions of dollars from the International Monetary Fund (IMF). He wrote about this in his Twitter-account.
Zelensky expressed gratitude to the IMF Board of Directors for the positive decision to complete the revision of the stand-by program. It is noted that the country will receive a tranche of about $ 700 million. The President said that these funds will be used to support the financial system of Ukraine and the fight against the consequences of the coronavirus pandemic. In addition, he stressed that Kiev will continue cooperation with an international organization.
Earlier, the head of the National Bank of Ukraine, Kirill Shevchenko, said that the country expects a tranche from the IMF in the amount of 500 million SDRs (special drawing rights, SDR, artificial means of payment of the IMF), or about $ 700 million. “The rest – in the first and second quarter [2022 года], the rest of the funds under the program, “- said the head of the National Bank.
The IMF Board of Governors approved a new program to support Ukraine for a year and a half for a year and a half totaling $ 5 billion in the summer of 2020, more than $ 2 billion has already been sent to Kiev. Earlier in October, financial holding JP Morgan estimated that Ukraine could receive a tranche of up to $ 1.4 billion in the fourth quarter of 2021. At the same time, it was noted that the IMF can pay a smaller amount, taking into account the distribution of SDR.
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