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The National Bank assumes that the IMF will provide an increased tranche under the Stand-By program

IMF loan to Ukraine: Kyrylo Shevchenko believes that the second tranche will be over $700 million. Photo: UNIAN

IMF loan to Ukraine: Kyrylo Shevchenko believes that the second tranche will be over $700 million. Photo: UNIAN

The second tranche to Ukraine from the International Monetary Fund (IMF) under the Stand-By program may amount to over $700 million.

According to Kyrylo Shevchenko, the NBU Governor, the IMF mission to our country is expected in September. He said this at a press briefing, Interfax-Ukraine reports.

«The second tranche should be 500 million SDRs—this is about $700 million, but taking into account the skip of several tranches, the amount may be larger. But more details—after a discussion with the Fund in September.»

Kyrylo Shevchenko

Kyrylo Shevchenko

Governor of the National Bank of Ukraine

At the same time, a source of the agency in the government said that the head of the mission could personally arrive in Ukraine.

Context. In June 2020, the International Monetary Fund approved a Stand-By credit program for Ukraine in the amount of about $5 billion and allocated the first tranche of financing in the amount of $2.1 billion at once. It was assumed that the country would receive four tranches, but the country did not fulfill some terms. and the IMF has suspended funding for now.

At the same time, in August 2021, Ukraine got 1.9 billion SDRs (Special Drawing Rights), or about $2.69 billion in equivalent from the International Monetary Fund.

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