IMF to decide on next disbursement for Ukraine in autumn
The International Monetary Fund (IMF), Ukraine's key lender, will carry out the first review of how Ukraine implements a new 18-month Stand-By Arrangement (SBA) with the Fund in September.
"The program has just started, so it's too early to confirm the first review date. But I can tell you we're looking at around September," Director of the Communications Department at the IMF Gerry Rice said at a press briefing on June 18, 2020.
As UNIAN reported earlier, the IMF Executive Board on June 9 approved an 18-month SBA for Ukraine, with access equivalent to SDR 3.6 billion (about US$5 billion, or 179% of quota). The National Bank of Ukraine confirmed it received the first disbursement worth US$2.1 billion on June 12, 2020.