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 Ukrainians to take advantage of IMF reforms, - Minister Jaresko

Ukrainians will soon feel effect of economy's recovery in the form of an economic growth, investment revival and creation of new jobs due to governmental reforms supported by the International Monetary Fund.

As reported by Censor.NET, this was announced by the Finance Minister Natalie Jaresko on her Facebook page.

Read more: Ukraine debt talks risk stalling as latest proposal unacceptable, - Bloomberg

The minister recalled Ukraine had received the second IMF tranche worth $1.7 billion under the existing credit program, which indicates to fund's support of the governmental reform framework and recognition of progress in changes by the international community.

"We have already taken some important steps in this direction, and there is still a lot of work to do. Effect of economy's recovery due to our reform program will soon be sensed by our compatriots - through an economic growth in Ukraine, investment revival and creation of new jobs," Jaresko wrote.

She also noted that, since all the funds from the second tranche will be used for gold and foreign currency reserves, the NBU will be more capable of ensuring stability of the hryvnia.

"On behalf of the Ukrainian nation, I would like to sincerely thank the partners from the IMF for their continued support and faith in the success of our country," the minister resumed.

Read more: Ukraine to agree on 40% debt remission by late September

As previously reported, Ukraine and the IMF implement a four-year loan program worth $17.5 billion. Ukraine received its first tranche worth $5 billion March 13.

The second tranche was received on Aug. 4 and used to replenish gold and foreign currency reserves.

The total amount Ukraine may receive from the IMF by the year's end is $10 billion.

 
 
 
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