The National Bank of Ukraine has not yet received the second tranche from the International Monetary Fund's stand-by program. This is evidenced by the answer of the press service of the NBU to the information request of UNN.
Thus, UNN asked, in particular, whether the National Bank received funds from the International Monetary Fund.
"The National Bank is expected to receive the second tranche under the stand-by program from the International Monetary Fund in the amount of SDR 500 million ($699 million in equivalent) in the coming days," the NBU replied.
A reminder that the IMF executive board made a positive decision on granting Ukraine the next tranche under the stand-by programme the previous day.
Completion of the review allows Ukraine to receive the equivalent of about USD 699 million (500 million SDR), resulting in a total of about USD 2.8 billion (2 billion SDR) in payments under the current deal.
The IMF's 18-month Stand-By program with Ukraine with access to $5 billion was approved on June 9, 2020 to support the balance of payments and budget as Ukrainian authorities grapple with the aftermath of the COVID-19 pandemic shock.
This program is designed to consolidate previous achievements and advance Ukraine through important structural reforms to minimize key vulnerabilities.