NBU: Ukraine pays USD 3.5bn to IMF this year under stand-by agreement.

By bne IntelliNews November 16, 2012
In 2012, Ukraine has paid USD 3.5bn to the International Monetary Fund (IMF) under the stand-by agreement, writes Ukrinform, citing Director of the General Department of Monetary Policy at the National Bank of Ukraine (NBU) Olena Shcherbakova. In autumn 2008, the IMF allocated a loan of almost USD 17bn to Ukraine under the stand-by program. Of the three tranches worth almost USD 11bn, the NBU received the first tranche of USD 4.5bn in November 2008. The second tranche of USD 3bn was disbursed in May 2009, and it was divided between the NBU and the government, while the third tranche of USD 3.5bn, received in August 2009, was fully used by the government of former PM Yulia Tymoshenko for budgetary payments and the purchase of natural gas.

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