The IMF sent Ukraine 1st tranche of aid to $ 5 billion

International monetary Fund sent Ukraine 1st tranche of financial assistance in the amount of $ 5 billion, this year it will be allocated 10 billion, said the head of the IMF mission in Ukraine Nikolay Gueorguiev.
"1st tranche has been released yesterday - 5 billion, Just before the end of 2015 will be dispersed up to $ 10 billion," said Georgiev in the framework of the conference call, reports RIA " Novosti ". According to documents posted on the Internet representation of the Fund, Only Ukraine in the framework of the expanded programme in the period to 2018 IMF allocates 17, 5 billion dollars. Just As it is supposed, under the auspices of the Fund will be allocated 40 billion, including fifteen billion dollars through debt restructuring And 7, $ 5 billion from other creditors ($2 billion will come from the European Union, 2 billion from North America and the remainder from other G7 countries). The IMF calls a decisive factor in the expansion of the programme the conflict in the East of Ukraine." He was forced to revise the program of support of Ukraine. The economy suffered a severe blow in supplies of product, loss of parts of the industry, the decline in the exchange rate of the national currency. Banks of the country have experienced severe stress, and national inventories fell to the lowest level - 6, $ 3 billion. All this demanded the intervention of international organizations And with deep economic reforms, " the report said. The program is supported by a significant part of the international financial institutions. And, although the IMF recognises the high risk of this loan, in connection with the ongoing conflict in the East of Ukraine, but stressed that these risks are minimized through clear policies, major financial support And monitoring." in this sense, the structural reforms And the implementation of the international norms gets very important ", - summarized in the report. First on Thursday, Prime Minister of Ukraine Arseniy Yatsenyuk said that the 1st tranche of the loan from the international monetary Fund will go to Kiev to the fifteen of March. On Wednesday, March eleven, the Board of Directors of the IMF blesed four-year program of extended payment Ukraine, volume 17, 5 billion dollars, which was agreed with the Ukrainian government. As said, the Ministry of Finance of Ukraine, the 1st tranche of the IMF loan to Kyiv will be $ 5 billion. Before that, Prime Minister of Ukraine Arseniy Yatsenyuk said that tranche of the international monetary Fund (IMF), which expects Ukraine, cannot be applied to social needs. Remember, February 12, IMF chief Christine Lagarde said that the financial assistance Kiev depends on How you want to stabilize the situation in the East of Ukraine. International monetary Fund believes that the decline of the economy of Ukraine in 2015 will amount to 5, 5%. In addition, the IMF Experts believe that in 2015 Ukrainian exports will fall on the background of the overall deterioration in the trade. The IMF expects inflation in Ukraine in 2015 at the level of 2014, assuming a price increase of 25%.


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