REUTERS
Ukraine paid the International Monetary Fund $450 million under a standby program of 2014, according to Hromadske TV referring to a representative of the National Bank.
"Indeed, payments began under the Standby program, and the first payment has already been transferred. In general, the volume of payments to the IMF - both on the principal amount of debt and interest on debt - is about $1 billion in August-December of this year. It poses no threat to the volume of international reserves. We have kept these payments in mind when forecasting the growth of international reserves to $20 billion by year-end," the representative of the National Bank of Ukraine said.
Read alsoIMF says Ukraine’s land reform not a "must" for another bailout trancheAs UNIAN reported earlier, in March 2014, the International Monetary Fund, at the level of the mission's leadership, agreed with the Ukrainian government on a stand by cooperation program for a period of two years with a total funding at $14-18 billion. The Executive Board of the International Monetary Fund on March 11, 2015 approved the allocation for Ukraine of $17.5 billion under a 4-year EFF (Extended Fund Facility) program launched instead of the standby project.