Ukraine is prepared to borrow two billion dollars

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www.vsyako.netPhoto: Ivan Kovalenko / “Kommersant”

Prime Minister of Ukraine Denis Shmyhal said he expects the approval of the loan from the International monetary Fund (IMF) for the country in the amount of five billion dollars on the meeting, on 5 June, Reuters reports.

According to him, Kiev is ready to receive the first tranche on the following day, June 6. The volume of the package will amount to $ 1.9 billion. Smigel stressed that the Republic needed loans to overcome the crisis, which has resulted in an epidemic of coronavirus. In the second quarter the country’s GDP could fall by 12 percent.

Also on Friday, may 29, the European Commission (EC) approved the allocation of Ukraine of credit in the amount of 500 million euros. The EC noted that in 2014 Ukraine has received € 3.8 billion — more than the macro-financial assistance any other not member of the EU state.

Earlier, the Ministry of Finance of Ukraine announced that it has repaid Eurobonds worth one billion dollars that was released in 2015 under the guarantee of the United States.

In total Kyiv three times borrowed money with Washington at a rate below two percent. The first part of the debt was repaid a year ago, the latter must be closed in September 2021-th.

In September of last year Alexey Goncharuk, at that time, the Prime Minister of Ukraine, said that in 2020 a third of the budget will be spent on repayment of current debts.

Video, photo All from Russia.

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