Ukraine, IMF and $ 1 billion: who owes whom?

Ukraine, IMF and $ 1 billion: who owes whom?

31.01.2017 News

In the current 2017 the debt amount that is obligated to return Ukraine to the International Monetary Fund is $ 1 billion. Given the fact that the state at present is in anticipation of the next transfer of credit funds from the Fund, in fact, it will be “shifted from one pocket to other”.

This opinion during the press conference of the International Fund Blazer said Oleh Ustenko, its executive director.

“This year we have to pay the IMF $ 1 billion, and a new tranche could mean that money is simply shifted from the pocket into the pocket,” – he said.

As for the National Bank of Ukraine, in it at this point of time,are hoping to sign a memorandum by the country regarding collaborative relationship with the International Monetary Fund. Also the NBU said that there is no prerequisites to the fact that Ukraine can not get the next tranche, which should enter into our country in the current year four times.

Also read: What will be the amount of foreign investment in Ukraine in 2017?

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