The IMF Will Help Ukraine With a Loan of $ 3.9 Billion
OREANDA-NEWS Ukraine by the end of 2018 will receive the first tranche of the loan in the amount of $ 3.9 billion, the issuance of which on the eve, December 18, approved by the Board of Directors of the International Monetary Fund (IMF). As specified in the press service of the Ministry of Finance of Ukraine, a third of this amount — $ 1.4 billion — will go to the country until December, 25.
"The Fund, for its part, announced that the first tranche will be available immediately, the rest — in the framework of semi — annual reviews of the program", - added in the financial Department.
It is specified that the new program of support of economic policy stand-by (SBA), which will amount to 3.9 billion dollars, will be open to Ukraine for 14 months. This is the tenth IMF program for Ukraine.
As noted by the Minister of Finance of Ukraine Oksana Markarova, the stand-by program will help Ukraine to maintain macro-financial stability in the coming years. According to the IMF, the new program will support the economic policy of the authorities in 2019 and will focus on maintaining macroeconomic and financial stability. The priorities of the program are further reduction of the national debt, reduction of inflation and promotion of a set of structural reforms. Further progress in anti-corruption reforms is a separate priority.
The European Union has provided Ukraine with a loan of 500 million euros after Kiev has fulfilled the requirements for the introduction of electronic Declaration and analysis of electronic declarations of officials. According to the Deputy Prime Minister of Ukraine for European and Euro-Atlantic integration Ivanna Klimpush-Tsintsadze, these funds will be used to replenish the foreign exchange reserves of the National Bank of Ukraine and to Finance the expenditure part of the budget for 2019.