the First tranche of the International monetary Fund (IMF) in the amount of 2.1 billion USD has already been sent to Ukraine, said the representative of the country at the Fund Vladyslav Rashkovan.
"the First tranche of $ 2.1 billion already sent to Ukraine, will the accounts of government taking into account the time difference and the speed of passing vehicles in international payment systems," he wrote on his Facebook page on Wednesday.
the Ministry of Finance of Ukraine confirmed that the first tranche under the new IMF program will be in the accounts of the Ministry tomorrow, June 11.
Earlier it was reported that on Wednesday the Board of Directors of the IMF approved a new 18-month stand-by program for Ukraine in SDR 3.6 billion (about $ 5 billion or 179% of the quota) with immediate allocation of $ 2.1 billion first tranche.
"the New programme aims to help Ukraine to cope with the problems of a pandemic Covid-19 by the balance-of-payments and budgetary support, while maintaining the achievements and promoting a small set of key structural reforms to ensure the return of Ukraine to growth after the crisis," – said in a release, the IMF.
the IMF also downgraded the forecast of decline of Ukraine's GDP in 2020 to 8.2% from 7.7% in its April world economic Outlook.
As they say in the release of the Fund in connection with the approval of 18-months. stand-by program for Ukraine, the forecast recovery of the Ukrainian economy in 2021 also deteriorated from 3.6% to 1.1% with an acceleration to 3% in 2022.
According to the new estimates, the current account deficit could rise from 1.7% of GDP in 2019 to 1.7% this year and 2% in the next and slightly decreased to 1.9% of GDP in 2022, while in April the IMF was expecting expansion of the deficit this year to 2% of GDP and next year to 2.4% of GDP.
