Kyiv expects the first tranche from IMF in June
Kyiv expects the first tranche from the IMF, which will amount to $ 2.1 billion, starting this month, funds will be directed to the state budget to support the economy and help people, said on Wednesday Prime Minister of Ukraine Denis Shmyhal.
The Board of governors of the International monetary Fund has approved a new program to support Ukraine in 18 months with a total volume of $ 5 billion. The President of Ukraine Vladimir Zelensky said that Kiev in the near future will receive the first tranche from the IMF, which will amount to $ 2.1 billion, 200 million more than originally planned.
"The Board of Directors of the IMF approved Stand-by program for Ukraine totaling $ 5 billion. The program lasts for a year and a half... the First tranche of $ 2.1 billion we expect later this month. Funds will be allocated in the state budget to support the economy and helping people," wrote Smigel in Facebook.
He noted that the approval of the programme confirms the government's responsibility, in particular, the government of Ukraine to implement its commitments to the international partners. "All the structural beacons, which are set out in the document, Ukraine needs to do at least with the IMF, even without him. This is the agenda that our country is identified for the development of a comfortable state. And cooperation with the IMF in the next 18 months will give us the opportunity to move forward in this matter, and in relations with the EU and other international partners," he added.