REUTERS
The Swiss National Bank will provide a loan to the National Bank of Ukraine in the amount of $200 million in several tranches, which will be used to replenish Ukraine’s international reserves, as reported on the NBU website.
The report refers to an earlier signed bilateral loan agreement which entered into force on April 6 between the National Bank of Ukraine and the Swiss National Bank, which implements the agreement reached between President of Ukraine Petro Poroshenko and President of the Swiss Confederation Johann Schneider-Ammann to increase humanitarian and Swiss financial assistance to Ukraine.
Read alsoLagarde-Gontareva Washington talks: IMF to send mission to Ukraine soonAccording to the report, the purpose of the loan agreement between the central banks of Ukraine and Switzerland is to complement the financing of the International Monetary Fund under the Extended Fund Facility, which will help stabilize the financial system of Ukraine.
Read alsoEconomy Ministry improves inflation forecast to 5.5% in 1H 2016 "The conclusion of the contract is a financial aid to Ukraine from the international community and a conclusive evidence of trust and support of the reforms implemented in our country," said NBU Governor Valeria Gontareva.