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Ukraine pays $160 million to IMF

Ukraine pays $160 million to IMF

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On August 31, Ukraine transferred $160,3 million to the International Monetary Fund on account of the principal debt repayment, as FinClub informed the press office of National Bank of Ukraine.
It was noted that the payment of 114,3 million SDR (Special drawing rights) of around $160 million was transferred through stand by arrangement program as of April 2014. In total, Ukraine transferred $605,6 million to the fund in August.

Next payments are scheduled for November 1 and 5.
Reportedly, Ukraine’s National Bank expects another tranche from the International Monetary Fund within EFF program till the end of autumn. 
Earlier, former Finance Minister of Ukraine Oleksandr Danylyuk stated that he did not doubt that IMF will send another tranche, stressing that “we have to do that in June”.

Moreover, the representatives of the National Bank stated that Ukraine might receive another tranche from the IMF in autumn.  
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