Monday 20th of November 2017, 05:05 CET
IMF approves USD 600 mio. for Ukraine
March 30, 2004
RBC

Posted by HW on November 20, 2017

Approved
The Board of Directors of the International Monetary Fund (IMF) today approved a stand-by arrangement for Ukraine in an amount equivalent to US$605 million for a period of 12 months ending on March 28, 2005.

In case of need
This arrangement suggests a certain amount of funds will be transferred to Ukrainian accounts at the request of Ukraine in case of need.

Improved performance
Ukraine's macroeconomic performance has improved substantially, the government reported. The government has a leeway to raise funds by issuing Eurobonds and the World Bank may approve a $175m loan to Ukraine.
 
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