Date: 7 months ago   Category: Financial

The IMF approved the new credit for Ukraine


Ukraine will receive the first tranche of the new credit from the International Monetary Fund till December 25 of this year.
the Board of directors of the International Monetary Fund (IMF) on Tuesday, December 18, approved the new program of financing of stand-by for Ukraine for 3.9 billion dollars, the press service of the Ministry of Finance reports.
the First tranche of 1.4 billion dollars has to come to Ukraine till December 25. The decision on further tranches will be made in May and in November, 2019 during revision of progress of Ukraine in performance of conditions of the memorandum. the stand-by Program calculated for 14 months will replace with
the four-year program of expanded financing (Extended Fund Facility) which had to come to the end in March, 2019. According to the EFF program Ukraine could receive about 17.5 billion dollars that would make 900% of a country quota in the IMF. But because of non-performance of a number of reforms, including in the energy sector, the schedule of trenches was shifted.
the Last time of the IMF transferred to Ukraine money in April, 2017. In total during action of the EFF program the Fund provided to Ukraine about 8.4 billion dollars. we Will remind
, before the IMF confirmed readiness to work with Ukraine according to the new stand-by program. The IMF agreed to the new program for Ukraine after the authorities raised gas prices by 23.5%. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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