The Board of Directors of the international monetary Fund blesed four-year program of financial assistance to Ukraine in the amount of 17, 5 billion dollars, said the head of the IMF Christine Lagarde.
Lagarde said that the truce in the Donbass in General observed, but its violation poses the risk of the loan, reports the Agency. In her expressions, the Ukrainian authorities demonstrate a commitment to reform.
"This new report on the extension of the program for four years will support the stabilization of the Ukrainian economy and several serious and multifaceted political reforms, aimed at restoring sustainable growth in the medium term and improve the living conditions of the Ukrainian people" - quoted message Lagarde Agency.
Kyiv expects 1st tranche under the new program international monetary Fund in the amount of us $ 5 billion, said before Wednesday, Finance Minister of Ukraine Natalia said.
Ukraine is in a difficult political crisis, which affects its economy and the public sector, in fact the country is on the verge of default. The authorities, hoping to correct the position of the external loans, previously agreed with the IMF on the enhanced programme of support. New credit program of $ 17, $ 5 billion in total for the four years is likely to receive from different sources $ 40 billion, including fifteen billion dollars due to debt restructuring.
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