IMF decides to lend $17.01 bln to Ukraine
9:30, — Europa
The Executive Board of the International Monetary Fund (IMF) has approved a two-year Stand-By Arrangement (SBA) worth $17.01 billion for Ukraine, the IMF's press service said on May 1.
As was earlier reported, Kyiv hopes to get the first $3 billion tranche of the new SBA between May 5 and May 8, 2014, Ukrainian Finance Minister Oleksandr Shlapak said on April 30.
"We're waiting about $3 billion [in the first tranche]: $1 billion will [go] to the National Bank of Ukraine, $2 billion will cover the budget deficit. We expect this from May 5 to May 8," he said.
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