The IMF approved a four-year program of financial aid to Ukraine in March 2015. Kiev has already received three tranches of aid totalling $7.7 billion under the program, which stipulates the allocation of a $17.5-billion loan to Ukraine to revive the country’s economy and requires the implementation of economic reforms.
“The fourth IMF tranche of $1 billion entered the reserves of the National Bank of Ukraine,” Danyliuk said on his Facebook account.
On Monday, the IMF authorized a $1 billion tranche in financial aid to Ukraine as the country’s economy is slowly recovering. At the same time, the IMF stressed in a press release on Tuesday the need to speed up the pace of structural and governance reforms in Ukraine to achieve stronger economic growth.