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    IMF Announces USD2.8 Billion Loan Tranche for Ukraine

    By Ma. Rizza Leonzon // 20 April 2009

    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.

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    About the author

    • Ma. Rizza Leonzon

      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.

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