Russian space budget may grow this yearScience & Space May 26, 20:48
Moscow hopes London High Court will deliver judgement on Ukraine’s debt to Russia soonBusiness & Economy May 26, 20:21
Hungarian top diplomat: EU must discuss anti-Russian sanctionsWorld May 26, 19:56
Russian, French top diplomats discuss preparations for Putin’s visit to FranceRussian Politics & Diplomacy May 26, 19:47
Moscow comments on Tallinn’s move to expel Russian diplomatsRussian Politics & Diplomacy May 26, 19:43
WADA: Legendary Isinbayeva suits role of ambassador for clean sports in RussiaSport May 26, 19:33
Russia working on advanced air defense systemMilitary & Defense May 26, 19:17
WADA receives Russia’s new national anti-doping planSport May 26, 19:14
Moldova’s ruling pro-European coalition breaks upWorld May 26, 19:12
WASHINGTON, April 3. /TASS/. The IMF Board of Directors has decided to allocate $1 billion to Ukraine as part of the macro-financial assistance program, President of Ukraine Pyotr Poroshenko said on Monday.
"That’s another sign of recognition of Ukrainian reforms!" he wrote on his Twitter page.
As it became known to TASS from sources close to the IMF, on Monday, the Fund’s Board of Directors completed the third review of the anti-crisis economic program Ukraine is implementing with the support of the Fund.
On the results of the review the Fund decided to grant another credit tranche worth about $1bln to Kiev.
The discussion of the Ukrainian program was conducted in the absence of IMF Managing Director Christine Lagarde. At that time she was making a speech about slowing of productivity growth in the global economy at the American Enterprise Institute in Washington.
The consideration of the Ukrainian program was initially scheduled for March 20, but was postponed. Experts said the meeting was delayed due to transport blockade of Donbass and sanctions against the Ukrainian banks with participation of the Russian capital.
Poroshenko publicly acknowledged that his country needed the tranche of the IMF "as the air to breathe", since it is also connected with "macro-financial assistance from the EU."
In March 2015, the IMF approved Ukraine’s four-year $17.5 billion that replaced the previous arrangement of 2014, which had not been implemented. Under the new arrangement, Kiev received an initial $5 bln tranche, followed by a $1.7 bln tranche and a $1 bln one. The latest tranche was provided in September 2016.
This year, the National Bank of Ukraine expects six tranches totaling $6 billion from the IMF and the European Union.