Ukrainian National Bank Confirms Receiving $5 Bln From IMF

© AP Photo / Pablo Martinez MonsivaisInternational Monetary Fund
International Monetary Fund - Sputnik International
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The tranche is a part of a $17.5-billion program of financial aid announced by IMF chief Christine Lagarde on Wednesday.

KIEV (Sputnik) – The Ukrainian National Bank has confirmed it has received the first tranche of $5 billion from the International Monetary Fund.

The Ukrainian National Bank’s chairman said that the bank had already received the transfer on Sunday.

Finance Minister Anton Siluanov - Sputnik International
Russia Provides Ukraine With $13.75 Million as Part of First IMF Loan
Ukraine will receive another tranche of $5 billion by the end of the year.

On Friday, Russian Finance Minister Anton Siluanov said that Moscow would provide Ukraine with almost $13.8 million as part of the first tranche of IMF financial aid to the country.

Since April 2014 a military conflict in eastern Ukraine, described by the United Nations as a "major human-rights catastrophe," has been negatively effecting the country's economy. During the past months, the Ukrainian currency has collapsed, foreign reserve and economic growth have contracted.

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