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National Bank of Ukraine expects to receive two IMF tranches for $2.3 bln by yearend

September 13, 20:41 UTC+3 KIEV
Ukraine will receive $1 bln in state guarantees from the US government and 600 mln from the European Commission
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© EPA/ROMAN PILIPEY

KIEV, September 13. /TASS/. The National Bank of Ukraine expects to receive two tranches from the International Monetary Fund (IMF) for $2.3 bln by the end of 2016, Deputy Head of the National Bank Oleg Churiy told journalists on Tuesday.

"$1 bln is the first tranche, and if we continue to cooperate with the IMF. According to our forecasts, we will receive another tranche - that is $1.3 bln additionally. That is, $2.3 bln in total before the end of the year," he said.

Churiy also said that Kiev expects to receive $1 bln in September, after the meeting of the Fund in Ukraine on September 14. He also noted that following tranche from the IMF, Ukraine will receive $1 bln in state guarantees from the US government and 600 mln from the European Commission, which is also tied to the program with the IMF.

The IMF in March 2015 approved of a four-year $17.5-bln loan program for Ukraine instead of the previous two-year program of 2014, which remained unaccomplished.

Representative of the National Bank of Ukraine Oleg Churiy said earlier that the country expects $1 bln from the IMF after the meeting and another $1.3 bln later.

At the same time, according to Russian Presidential spokesman Dmitry Peskov, Russia is against changes in the rules of allocating new tranches of the International Monetary Fund (IMF) based on momentary developments. "As for the new IMF tranche to Ukraine, the situation is clear. Moscow has consistently opposed and continues to oppose changing the rules for allocating tranches for a specific situation, momentary political situation, which is what is happening in the case of Ukraine," the Kremlin official said.

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