EN|RU|UK
 Economics
  3802

 Hroisman on IMF loans: "External support is temporary for Ukraine; we must learn to generate resources within country"

Ukraine must learn to get by without bailouts.

As reported by Censor.NET, Prime Minister of Ukraine Volodymyr Hroisman said on air of 112 Ukraine TV channel.

"We managed to continue our cooperation with the IMF. However, the external support is temporary for Ukraine. We must learn to produce resources within the country," he said.

Premier stressed that the IMF's $1 billion installment of a $17.5 billion bailout would be placed into the National Bank of Ukraine reserves which would allow lifting restrictions on foreign currency exchange operations, strengthening the national currency and supporting macroeconomic stability.

Read more: Finance Minister Danyliuk: "We expect to receive four IMF disbursements this year with next one in May"

As reported, the IMF decided to make the fourth installment in the amount of $1 billion for Ukraine on April 3.

Ukraine expects to receive eight more disbursements under the IMF's Extended Fund Facility program totaling $8.285 billion before the end of 2018.

The program stipulates that Ukraine will receive $1.907 billion on May 15, 2017, $1.279 billion on Aug. 15, and $1.279 billion on Nov. 15 ($4.5 billion in total).

Four installments amounting to $955 million each are planned to be made in 2018 (Feb. 15, May 15, Aug. 15, and Nov. 15).

Read more: IMF clears $1B loan tranche for Ukraine, - Poroshenko
 
 
 
 up