Ukraine expects the international monetary Fund (IMF) will approve a loan package to $ 5 billion at a meeting of the Board of Directors on 5 June, and the first tranche of $ 1.9 billion will be allocated for the following day, said Prime Minister Denis Shmyhal Reuters on Friday.
Ukraine needs new loans to cope with the economic shock caused by the pandemic coronavirus.
"Thanks to the loan, Ukraine will be able to return to growth and to pursue wide-ranging reforms when the crisis will end", - stated in the message of the IMF.
the agreement with the IMF was reached immediately after on Thursday evening the President of Ukraine Vladimir Zelensky has signed the law on banking, and bill 1210, which expands the powers of the tax.
Gross domestic product Ukraine according to preliminary estimates could fall by 12% in the second quarter of this year, said Smigel in an interview.
He also noted that the government will allow wheat exporters free to export in the next two months.
