The IMF has listed Ukraine the second tranche of $ 1.7 billion EFF credit.
The second tranche of EFF credit received in Ukraine.
National Bank of Ukraine on August 4 received from the International Monetary Fund, the second tranche of a $ 1.7 billion loan for the financing of the expanded program (EFF).
This is stated in the message National Bank with reference to the statement by the Head of the NBU Valeriya Gontareva meeting with bankers.
“The funds that we have received today from the IMF, will be used to replenish international reserves. Overall, our international reserves are growing at a solid pace. By the end of 2015, we expect that their volume will reach nearly $ 18 billion” – is cited Gontareva in the message NBU.
As previously reported, the EFF program assumes that the gross international reserves of the NBU will grow by the end of this year to $ 18.3 billion, and next year – to $ 22.3 billion, and will cover, respectively, 3.7 and 4.2 months of imports. In 2017, 2018 and 2019. they are expected to further increase, respectively, to $ 28.5 billion, $ 35.2 billion and $ 38.4 billion, which is stabilized by their size, which corresponds to about 5.4 months of imports. The increase in reserves and debt restructuring will increase the coverage of short-term debt from 17.4% at the end of last year to 41.1% – at the end of this, and 54% – by the end of next with stabilization at around 75-80% in 2018-2020.
