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 Ukrainian Government Asks IMF to Combine Two Aid Tranches for total of $2.2 billion

Ukraine wants the International Monetary Fund to combine the expected third and fourth tranches of a $17 billion dollar bailout package for a total of around $2.2 billion.

Censor.NET reports about it, citing Reuters and Interfax-Ukraine.

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"We want to combine the third and fourth tranches. We expect that it will be about $2.2 billion. And we expect to receive them by the end of the year," Ukrainian Finance Minister Oleksandr Shlapak told reporters in Kyiv on Wednesday.

Shlapak also said that of the second tranche of $1.4 billion, the decision on the allocation of which is expected in late August, $1 billion is to be transferred to the state budget and $400 million to the National Bank of Ukraine.

As reported, the IMF Executive Board on April 30 approved a two-year SBA worth SDR 10.976 billion (about $17.01 billion) for Ukraine. Early in May, the IMF transferred the first tranche worth SDR 2.058 billion (about $3.2 billion), with SDR 1.29 billion (about $2 billion) allocated to the Ukrainian government for budget support.



 
 
 
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