Kremlin pays no attention to Kiev's protest over Putin’s trip to CrimeaRussian Politics & Diplomacy October 27, 11:17
Central Bank: Russia’s moving up in Doing Business rating as good signBusiness & Economy October 27, 11:14
Russian aid convoy arrives in DonbassWorld October 27, 10:39
Russian citizen serving time in US surprised by transfer to general wardWorld October 27, 10:13
Militants continue disrupting peace in Aleppo — Russia’s Defense MinistryWorld October 27, 8:33
Russia's UN envoy urges organization to prove Aleppo air strikes continueRussian Politics & Diplomacy October 27, 8:02
Media reports on Russian ships call into Ceuta are controversial — embassyRussian Politics & Diplomacy October 26, 22:03
Russia’s telecom watchdog tries to block LinkedIn through courtSociety & Culture October 26, 21:29
DPR envoy reports no constructive discussion on "Steinmeier formula" in MinskWorld October 26, 21:14
KIEV, May 05. /ITAR-TASS/. Kiev will use the first portion of the International Monetary Fund (IMF) loan for augmenting its gold and currency reserves in order to stabilize the financial situation in the country, National Bank Chairman Stepan Kubiv said on Monday, May 5.
“Over $1 billion from the first portion of the loan will go into the gold and currency reserves of Ukraine, which will strengthen the financial system of the country. The remainder will go to the budget to stabilize the macroeconomic and financial situation in Ukraine,” he said.
Kubiv believes that the IMF loan “will send a positive signal to foreign investors and domestic entrepreneurs, improve the investment climate in the country and stabilize the hryvnia”.
On April 30, the IMF Board of Governors approved a two-year standby credit facility of $17 billion for Ukraine. The first portion will amount to around $3.2 billion.