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Ukraine may receive $1.7 bln from IMF already next week — finance minister

Ukraine intends to borrow $3 bln more by the end of the year

Ukraine’s finance minister Natalie Jaresko TASS/Maxim Nikitin

Ukraine’s finance minister Natalie Jaresko

© TASS/Maxim Nikitin

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KIEV, July 27. /TASS/. Ukraine may receive the second tranche of the loan from the International Monetary Fund (IMF) amounting to $1.7 bln already next week, Ukraine’s finance minister Natalie Jaresko said on Monday.

"We expect the decision of the board on Friday, July 31. We are to receive $1.7 bln for reserves of the National Bank of Ukraine next week, that is, in several banking days," Jaresko said.

Ukraine intends to borrow $3 bln more by the year-end, Deputy Finance Minister Artem Shevalev said. According to Shevalev, Ukraine has already received loans worth $4.5 bln from the beginning of the year. Nearly all these funds were allocated to repay prior debts, Jaresko said. "The majority of these funds were spent to repay foreign debts," she added.

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Ukraine crisis IMF

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