Ukrainian National Bank Expects $1.4-1.9Bln Loan From IMF By Christmas - Governor
Rukhshan Mir (@rukhshanmir) Published December 13, 2018 | 08:45 PM
The National Bank of Ukraine (NBU) expects a positive decision on the Stand-By Arrangement by the International Monetary Fund (IMF) and a provision of $1.4-1.9 billion tranche to Ukraine before Christmas, Governor of the National Bank of Ukraine Yakiv Smolii said Thursday.
"We expect a positive decision on the Stand-By Arrangement, which will substitute the Extended Fund Facility program currently implemented, and we suppose the next tranche will arrive after the decision is made, which is before Christmas," Smolii said as quoted by news Agency Unian.
The IMF board of directors will discuss the financing of Ukraine under the Stand-By Arrangement Framework on December 18. According to Smolii, the size of the pending loan is between $1.4 and $1.9 billion.
On October 19, the IMF and Ukraine agreed on a 14-month Stand-By Arrangement, which will provide $3.9 billion to Ukrainian authorities for execution of economic policies, and is expected to replace the previous IMF arrangement (Extended Fund Facility) that is coming to an end in March 2019.
Related Topics
Recent Stories
TTP should be handled through coordination with Afghan Government: Gen Janjua
ICUBE-Q's initial images from space a historic day: Ambassador Hashmi
PMD forecasts rain-windstorm/thunderstorm for various parts of country
PM to host hockey team for brilliant performance in Azlan Shah tournament; Rana ..
SBP provides practicable foundation for elimination of Riba: chief manager
FCCI demands incentive package for poultry sector
AJK President condoles over death of veteran UK-based journalist Ali Noorani
Third week of evidence wraps at Trump's criminal trial
Madinah : 3,485 Pakistani Hujjaj arrive in seamless flight operation
Rupee gains 08 paisa against US dollar
Teenager drowns in canal
Pakistan envoy urges Hajj pilgrims to demonstrate discipline during stay in Saud ..
More Stories From World
-
ICUBE-Q's initial images from space a historic day: Ambassador Hashmi
4 minutes ago -
Third week of evidence wraps at Trump's criminal trial
27 minutes ago -
Madinah : 3,485 Pakistani Hujjaj arrive in seamless flight operation
28 minutes ago -
UN, EU officials condemn 'escalation' of violence against UNRWA
24 minutes ago -
Russia attacks Ukraine's northeast in new ground offensive
1 hour ago -
Reasons to experience magic of Sharjah Children’s Reading Festival this weekend
2 hours ago
-
Paris officer 'between life and death' after police station shooting
2 hours ago -
Rafah offensive would lead to 'humanitarian disaster': UN chief
2 hours ago -
Taylor Swift fever grips Paris at start of Europe tour
2 hours ago -
S.Africa's top court hears critical Zuma election case
2 hours ago -
Ukraine says Russia launches cross-border offensive in northeast
3 hours ago -
Champion Rybakina, home hope Musetti retire sick from Rome Open
3 hours ago