IMF Announces USD2.8 Billion Loan Tranche for Ukraine

Ukraine may receive as much as USD2.8 billion for the next tranche of its loan from the International Monetary Fund. According to

, the IMF mission in Ukraine is recommending that the second installment of a USD16.4 billion loan be released in mid-May. "Half of the tranche may be spent to cover Ukraine's budget deficit," said Prime Minister Yulia Timoshenko. A portion of the funding will also be used to pay the country's external debts, she added.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.